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FREIGHT ADDED IN TAXABLE VALUE

Mohammed Goryawala (727 Points)

17 May 2018

Can freight be added in TAXABLE VALUE or it can be added at last??

Is there a correct method?

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3 Replies

CA Sunil Kumar (Chartered Accountant) (4519 Points)
Replied 17 May 2018

This type of supply is called composite supply and GST on freight will be charged with the rate charged on main supply. If there are 2 GST rates in invoice go for bifurcation of freight or charge higher tax rate. you don't need to mention HSN code of freight

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Mohammed Goryawala (727 Points)
Replied 17 May 2018

What are the conditions for adding freight in TAXABLE VALUE... Or it can be added last so as to avoid confusion?

VARUN MAHESHWARI (79 Points)
Replied 17 May 2018

Section 15 deals with valuation of taxable supply, which specifies that all incidental expenses and amount charged for activities done before delivery shall be added in transaction value