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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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The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com
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