GST-Chargeability

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..... GST-Chargeability
Query (Issue) Started By: - vignesh VSACCOUNTOPRIVATELIMITED Dated:- 7-9-2020 Last Reply Date:- 9-9-2020 Goods and Services Tax - GST
Got 4 Replies
GST
sir Can a manufac .....

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..... turer / trader raise a separate invoice for freight ? if yes @ what rate, the rate charged for his goods or any other rate? Reply By KASTURI SETHI: The Reply: Under FCM 12 %. You can raise separate .....

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..... invoice but the details of goods, value etc.and invoice no. date for goods, has to be mentioned on the invoice meant for freight. I mean both should be correlatable. Reply By Ganeshan Kalyani: The Re .....

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..... ply: Sir, manufacturer or trader is not a GTA to have separate tax rate. For them freight is an incidental to principal supply, so the rate of tax applicable to goods supplied will be applicable to f .....

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..... reight as well. So, no benefit by raising separate invoice for freight. Reply By KASTURI SETHI: The Reply: I agree with Sh.Ganeshan Kalyani Ji. A separate invoice for freight charges linking with in .....

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..... voice can be issued but rate of tax meant for goods will be applicable. Freight charges will become part of transaction value of the subject goods. Reply By YAGAY andSUN: The Reply: Indian Accountin .....

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..... g Standard 2 should also be considered on freight related issues.
Discussion Forum - Knowledge Sharing .....

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