14 May 2012
Dear sir I want to purchase a machine ( asset) within tha state its cost is 200000 lac With 2% vat and same machine in out of state its cost is 195000 than which machine I purchase plz ignor tha spelling mistake
14 May 2012
Any tax/duty which is recoverable viz,available as Input Credit, duty drawback etc., doesnot form part of the cost. In your case, if u can take the input credit of 2% Vat, u need to exclude the VAT amount while evaluating two options. please consider the freight & other incidental cost, if any, before selecting any option.
CAclubindia
