TMI BlogGST-ChargeabilityX X X X Extracts X X X X X X X X Extracts X X X X ..... sir Can a manufacturer / 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 %. Yo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... u can raise separate 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 B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y Ganeshan Kalyani - The Reply = 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 supp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lied will be applicable to freight 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... freight charges linking with invoice 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 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndSUN - The Reply = Indian Accounting Standard 2 should also be considered on freight related issues. - GST-Chargeability - Query Started By: - vignesh VSACCOUNTOPRIVATELIMITED Dated:- 7-9-2020 Goo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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