VAT: Value Added Tax - How do I account for VAT charged on imports from non-EU countries and paid by the freight company on our behalf?

How do I account for VAT charged on imports from non-EU countries and paid by the freight company on our behalf?

1	We occasionally import goods from Australia and Switzerland. The VAT on import is usually paid by the freight company on our behalf and they invoice us for this. How should we account for the VAT on these invoices? importVAT asked 1 year ago patann 11

2 Answers:

oldest newest most voted

i like this answer (click again to cancel)

i dont like this answer (click again to cancel)

ask them for itemised invoice. that way you'll have the following details:

product cost - 1000 custom and other duties - 100 VAT - 20 Total - 1120

then there will be another invoice for the services provided by the freight agent

services cost - 200 VAT on services - 0 service tax - 20 total - 220

hope this helps

link

answered 5 months, 3 weeks ago

anujgoyal
1

0	Sir Newly join India from UAE.I need the knowledge of Vat.You are requested the suggest and help me to work THROUGH VAT/SERVICE TAX. SUBIR DAS BANGALAORE link answered 1 year ago sushmo 1

If you log in you will be able to sign up for the periodic email updates about this question.

Your answer

Please start posting your answer anonymously - your answer will be saved within the current session and published after you log in or create a new account. Please try to give a substantial answer, for discussions, please use comments and please do remember to vote (after you log in)!

toggle preview

Topics:

importVAT ×1

Asked: 1 year ago

Seen: 1,801 times

Last updated: 5 months, 3 weeks ago

Related questions