Gst on freight charged in the invoice
CA Jyoti singh (Chartered Accountant) (246 Points)
04 July 2017CA Jyoti singh (Chartered Accountant) (246 Points)
04 July 2017
Saisumanth S
(student CA FInal)
(64 Points)
Replied 17 July 2017
As per my knowledge, only incidental charges on or before the delivery of goods will form part of transaction value...
freight charges incurred from factory to warehouse will become part of TV.
freight incurred to deliver the goods to customer place as per customer request is included in transaction value...
But at the same time one more issue is that while making payment to transport agency company has to pay GST on RCM basis.
Regarding your question on what rate we have to charge is also a typical issue...since we cannot charge highest rate of GST, it is completely improper ....
Let us wait for others to give reply to this issue.