02 February 2016
Sir Should i Transfer the Freight Charges in Purchase account as the Service tax is exempt if freight amount is directly paid to the Supplier instead of transporter if there is Condition in Purchases order
02 February 2016
if you paid directly to supplier than supplier has to charge VAT for any additional amount collected like transportation , packing and forwarding etc.
02 February 2016
Supplier has to collect vat , if they have not collected than there is no problem for you.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
02 February 2016
Than Sir Should I Quarterly Transfer the Freight Charges to the Purchase account as I have to bifurcate the amount of Freight Chargeable to Service tax and Exempt From Service Tax both