Taxbility
This query is : Resolved
10 December 2009
Dear Sir,
We have been procuring material and claim the Input Vat credit. and the same material has been supplied to Various subcontractors with free of cost and raise the invoice with out tax.
1. for supply of material to Sub contractor is attract the VAT or not?
2. If such material has been supplied to sub contractor with concessional rate, is attract the VAT on materil?
Kindly clarify and specity provision of
APVAT.
We have been procuring material and claim the Input Vat credit. and the same material has been supplied to Various subcontractors with free of cost and raise the invoice with out tax.
1. for supply of material to Sub contractor is attract the VAT or not?
2. If such material has been supplied to sub contractor with concessional rate, is attract the VAT on materil?
Kindly clarify and specity provision of
APVAT.
13 December 2009
1. No
2. yes
Where there is no considration, no sale tax would be charge.
2. yes
Where there is no considration, no sale tax would be charge.
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