Ivoice

This query is : Resolved 

21 June 2010 Dear All,

Suppose I am purchasing a Chair of Rs 5000 and they are charging Rs 500 as Delivery Charges on the Invoice. The VAT rate on chair is 12.5%. So VAT will be calculated on Rs 5000 or Rs 5500.

Please Advice

21 June 2010 Vat will be calculated on Rs.5000/-

21 June 2010 ATTN MR. LATH JI,

VAT WILL BE CHARGE ON RS. 5000/-
REGARDS,


21 June 2010 Freight Charges will be shown below the Vat Charges.
i.e Vat on value of chair only.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Unanswered Queries