Clarity required on Freight and applicable GST on same
Query (Issue) Started By: – VIVEK SHARMA Dated:- 26-7-2017 Last Reply Date:- 26-7-2017 Goods and Services Tax – GST
Got 5 Replies
GST
We are EPC contrcators and Purchase material from manufacturer. Then we sell the same to our customer.
\nFor example, I had placed PO on Cables Manufacturer before GST was implemented. The PO components were as following:
\n1. Ex-Works Value
\n2. Excise Duty @12.5%
\n3. CST@1%
\n4. Freight Including any applicable tax
\nNow, after GST implementation, ED & CST have been abolished and shall be replaced by GST@18%. The question is that 18% shall be charged only on Ex-works value or Ex Works+Freight? If this 18% is to be charged only on Ex-works value,<\/p>\n
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