Goods and Services Tax – Started By: – CA BIJENDER KUMAR BANSAL – Dated:- 24-7-2017 Last Replied Date:- 2-11-2017 – Dear Sir,Now as GST regime, GST is also charged if supplier is charging Freight on invoice.In some cases, supplier simply levies Freight without SAC code and charges GST.Our query is whether we should open a SAC code and show credit on freight amount separately ? or it should be apportioned over the products purchased and taken credit according to that ?Please clarify ?CA Gorav Goyal – Reply By KASTURI SETHI – The Reply = Transaction value is required to be inclusive of all expenses including freight, insurance etc. as per Section 15 (1) of CGST Act. You can take ITC without apportionment, if otherwise eligible. – Reply By Ga
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r total bill would be 110 + 18% = 129.28Now you buy product of 100 INR with 28% GST with freight cost 10 INR, your bill would be 110 + 28% = 148.8Freight would be considered as a composite supply in GST – Reply By Kishan Barai – The Reply = SAC Code of freight would be shown by freight forwarder to your supplier availing his services but when you buy from him, he is not doing freight business; he is supplying products to you. – Reply By CA BIJENDER KUMAR BANSAL – The Reply = Thanks to all for your reply.Mr. Kishan Barai, I understood that he is not doing transport business and so no need to show SAC code by that supplier in Invoice.Then when we taken ITC , under which code we should take credit:- HSN code of product or we should take in SAC
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bout freight.Basically i want to understand how should we claim that gst on Freight.Should we apportion it over main products and show accordingly in different hsn code or in any of hsn code over invoice ? – Reply By subramanian vijayakumar – The Reply = It) is composite supply. I agree with the experts view no need for hscn – Reply By Kishan Barai – The Reply = If it's mixed supply freight would be charged as per Product with maximum GST rate. – Reply By HimansuSekhar Sha – The Reply = Please refer q 47 of tweet FAQ. – Reply By shashi pandey – The Reply = If in a Tax invoice, there are different gst% i.e. 5%,12% etc. on line items,then at what % GST will charge on freight chargesPlease Advice – Reply By KASTURI SETHI – The Reply = Rate
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