16 March 2009
Hello Friends, I have a doubt. Plz help me. I have sold 10000 kgs goods @RS.50 per kg. I have to incur transport cost for sending the goods to the Buyer. And the buyer will pay the transport cost of Rs.5000 on my behalf. Tell me on which amount VAT is calculated (1)on RS.500000 or (2)on Rs.495000 i.e. after deducting transportation cost. Also tell me which exps. are to be deducted while calculating VAT...
CAclubindia
