Gujarat VAT - Carriage Outward
This query is : Resolved
MBA(Fin)_Pranav
(Querist)
25 August 2008
I would like to know what is that provision for Freight charges on sales for Gujarat VAT???
i.e. Ass. Value + Excise Duty + Gujarat VAT + Freight Outward
OR
Ass. Value + Excise Duty + Freight Outward + Gujarat VAT
Pls guide.
Regards
Pranav
i.e. Ass. Value + Excise Duty + Gujarat VAT + Freight Outward
OR
Ass. Value + Excise Duty + Freight Outward + Gujarat VAT
Pls guide.
Regards
Pranav
CA. O.P. Agarwalla
(Expert)
15 September 2008
Normally (even in CST Act)no tax (VAT/CST) is leviable on the cost of freight. For example, in Assam it has been amde clear in Section 2(44), which reads as under:-
"sale price" means the amount of valuable consideration paid or payable to a dealer for any sale made including any sum charged for anything done by the dealer in respect of goods at the time of or before delivery of the goods other than the cost of freight or delivery or the cost of installation in cases where such cost is separately charged.
"sale price" means the amount of valuable consideration paid or payable to a dealer for any sale made including any sum charged for anything done by the dealer in respect of goods at the time of or before delivery of the goods other than the cost of freight or delivery or the cost of installation in cases where such cost is separately charged.
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