Poonawalla fincorps
Poonawalla fincorps

Whether vat is applicable on second hand material?

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2013 I am curious about dealing in second hand materials. I want to know whether VAT is applicable on purchase and sale of second hand material. Please advise.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 April 2013 When you are trading materials or goods, VAT will be applicable even 2nd hand also. only benefit you can take input on vat paid on purchases
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
03 June 2013 Yes I agree with the expert but if you are registered dealer the you can take adjustment of VAT already paid
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