Dear all,
Our client M/s XY has billed to their debtors for freight charges which are later paid/reimbursed by them whether vat is liable to be paid on such freight charges ?
Mohit Arya
(CA FINAL)
(72 Points)
Replied 15 July 2009
Dear Tejas
Only goods for trading are liable to VAT.
Frieght is a service which is liable to service tax (if required), not for VAT.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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