One of our vendor has raised Sales Invoice on us in which he included the freight charges. And on net amount he charged VAT ?
As per our Purchase Order terms freight is on our account.
Shall we book the invoice with full amount?
Thnx
Amit
One of our vendor has raised Sales Invoice on us in which he included the freight charges. And on net amount he charged VAT ?
As per our Purchase Order terms freight is on our account.
Shall we book the invoice with full amount?
Thnx
Amit
Invoice may be booked for full amount. However, the VAT is not chargeable on freight amount. After basic price of goods, vat is to be charged at appropriate rate and thereafter freight to be charged as extra. Freight do not attracts VAT.
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