One of our client is in manufacturing of packaging boxes and card board cut outs , they have purchased one such machine before 5 years means at the time of VAT and now they want to resale such machine .
Further They bill their invoice as per 12% rate and newly machine from manufacturer of such is 18% then what should be the rate at which invoicing must be done....??
Also as there is more than 5 years of purchase of machine so there is no such case of reversal.....
Hoping that answer with reasoning will be learn by me...
CAclubindia
