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Is VAT & CST should be charged on Freight charges or not.
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Answer Posted / ca kunal bhutada
Applicability of VAT on freight/transport charges is depends up on terms mentioned in the PO. If the term is ex-factory then VAT is not appliable on transport charges . If the term is "delivery at site " then VAT is applicable. Kindly verify your PO terms.
Point of delivery. ( transfered of risk to buyer is important factor to decide whether vat is charged on freight amount or not)
Under MVAT act, 2002 all the expenses incurred for delivering the goods to the customer are liable for VAT except insurance , octroi .
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