09 April 2008
i had recd order from buyer rs.100rate + rs.10 transportation charges.total rs.110/- I prepare tax invoice, showing invoice value rs.100 + 4% mvat + 10 transportation. total rs.114. whether mvat is to be levied on transportation also. In case i prepare separate debit note for transportation charges, whether tds will be deducted by the company on transportation, if so, rate of tds. which method to follow?
10 April 2008
you will sales the goods including of transportation it is easy that is F O R and you will transpot charges to transportor if you are charged transportation seperately and total transport charged is in excess of rs 50000 in the year the tds is to be deducted @2%+sc+ec+shec will be deducted
CAclubindia
