Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Freight Calculation on Invoice

Central Excise - Started By: - Mridul Sethi - Dated:- 27-6-2015 Last Replied Date:- 27-6-2015 - Sir, I m working in manufacturing concern, & our one party asks us to show freight charges separately after sales tax calculation, as not to charge sale tax on that freight value, but as per our ERP setting we can calculate excise duty on that (freight+Basic rate) but freight cost does not show at assessable value place only basic rate shows there fore excise duty calculation is correct but assess .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

in the assessable value. Therefore you show the basic price in column assessable value and then show the excise duty payable and vat/sales tax payable. After this you show the freight and insurance charges paid by you or payable by the buyer. - Reply By Mridul Sethi - The Reply = Sir, we are doing the same thing & we also paying duty on freight but due to technical issue of our ERP system freight cost is not showing at the place of assessable value, say our basic price is ₹ 95 & &# .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version