Query on VAT Calculation

[Guest]

Dear Sir,

Is the CST & Freight charges should be included on the cost of items while calculating VAT.

Regards,

cveel,

The Carver Plaza,

Champhai, Mizoram.

AI Summary

CST and Freight Charges: Should They Be Included in Sales Price for VAT Calculation Under Section 2? A user inquired whether CST and freight charges should be included in the cost of items when calculating VAT. A respondent advised checking the definition of 'Sales Price' under Section 2 of the Mizoram VAT Act to determine what should be included in the taxable amount. The respondent also noted that if CST was paid at the time of purchase, it would become an integral part of the cost.