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.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961