Mvat
This query is : Resolved
29 September 2013
freight in sale bill mvat applicable are not please clearify this matter
29 September 2013
According to MVAT, VAT is payable on sale of goods and not on services. Freight charges is just an service of transporting of good from one place to another so there will be no VAT on freight charges.
But if you have given bill calculating VAT on freight also, then you have to pay VAT as per Bill/Invoice Only
But if you have given bill calculating VAT on freight also, then you have to pay VAT as per Bill/Invoice Only
30 September 2013
MVAT is payable on the sale price of the goods sold. A sale price is defined in the Act. This includes the amounts paid or payable for transfer of property in goods and amounts charged for any service done till the delivery is made to the cusomer except the cost of transit insurance. This means freight and packing charges,evn if charged seperately,are liable for MVAT...mjk
08 October 2013
Yes I agree with MJK
26 November 2013
Agreed with MJK.
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