Poonawalla fincorps
Poonawalla fincorps

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(Querist)
22 December 2009 A party raises his bill like..
1. Grand total 5236
2. Freight 450
3. Vat on 1.+2. 227
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Total 5913
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Is it Ok to deduct vat on freight...
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Vishnu Saboo

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Vishnu Saboo (Expert)
25 December 2009 u have to see under your state VAT act, that what is defination of "value of goods". if it consist the freight, (which is normally included) you cann't deduct the VAT amount of freight.

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