24 March 2010
Sir, If the business is relating to steel fabrication , purchase the scrap of airconditioner plant and sale the same without any change is it be the part of purchase and subject to the vat return for the particular period or not. No tax had been charged on purcahse the same and sale also.
25 March 2010
thank's sir, I have charged 5% on purchase and sale respectively is it correct.Discription of good is mentioned in both purchse and sale invoice are scrap of air conditionar but if discription is change to old air conditionar what rate of vat i will lible to pay thereon.
CAclubindia
