Let me know whether freight charges shown seperately in tax invoices will be part of taxable Turn over for calculation of GST/IGST
GST on freight charges
NAUSHERAWAN SM
Debate on Including Freight Charges in Taxable Turnover for GST/IGST; Discusses HSN Code and Applicable Rates A discussion on a forum addressed whether freight charges shown separately on tax invoices are part of the taxable turnover for GST/IGST calculation. Several participants agreed that freight charges are included in the taxable value, as they are considered a composite supply. Questions arose about the appropriate Harmonized System of Nomenclature (HSN) codes for freight charges, with some suggesting they are not required since freight is not a separate good or service. It was noted that the GST rate for freight should be proportionate to the material's rate if shown separately on the invoice. (AI Summary)