a registered dealer of CAR/Motor Cycle purchase Car/MC from Out of Madhya Pradesh, in there purchase Invoice Freight / Logistic Charges add in bill.
Now At the time of sale can he Intered Logistic /Freight charges at the end of bill i.e. not pay VAT on above charge.
Exemple
| Purchase Bill | ||||||
| Product | Qty | Rate | Amount | |||
| Motor Cycle | 55 | 30000 | 1650000 | |||
| ED | 8.24% | 135960 | ||||
| Sub Total | 1785960 | |||||
| CST | @ 2% | 35719 | ||||
| Sub Total | 1821679 | |||||
| Freight | Per M/C | 550 | 30250 | |||
| Insurance | Per M/C | 10 | 550 | |||
| Total Bill Amount | 1852479 | |||||
| Part II : now he paid ET on above | 18525 | |||||
| Total Cost | 1871004 | |||||
| Cost Per M/C | 34018 | |||||
| Sales bill of Dealer | (1st Type) | |||||
| Motor Cycle | 1 | 35200 | 35200 | |||
| Add : MP VAT @ 12.5% | 4400 | |||||
| 39600 | ||||||
| Add : Logistic Charges | 560 | |||||
| 40160 | ||||||
| Sales bill of Dealer | (2nd Type) | |||||
| Motor Cycle | 1 | 35698 | 35698 | |||
| Add : MP VAT @ 12.5% | 4462 | |||||
| 40160 | ||||||
| VAT Tax saving Rs. 62/- in second type bill | ||||||
| Can it is correct | ||||||
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