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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
