GOODS TRANSPORT VEHICLES IN PARTNERS NAME

vinodh (Final ) (182 Points)

17 December 2022  

CLARIFICATION REQUIRED: -

TANKER IS IN THE NAME OF PARTNERS OF THE FIRM TANKER IS USED FOR THE PURPOSE OF BUSINESS TO TRANSPORT TAXABLE GOODS (EDIBLE OILS) WE ARE SHOWING TANKER AS ASSET IN THE FIRM BALANCE SHEET. FREIGHT CHARGES COLLECTED BY ADDING TO SELLING PRICE OF PALMOLIEN OIL. IS THERE ANY POSSIBILITY TO LEVY GST ON FREIGHT CHARGES AS THE VEHICLES IS NOT IN THE NAME OF THE FIRM.  
IS THERE ANY JUDGEMENT RELATED TO MY QUERY 

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