SALE OF AGRICULTURAL RESIDUE OR PRODUCE EXEMPT FROM VAT
This query is : Resolved
15 May 2009
Sir,
Can u pls tell me , suppose if i purchase an agricultural produce/residue from farmer to use in power plant biomass, is the farmer required to pay vat on such sale.OR If i purchase from a company such agri residue, is that company required to pay vat if so at what rate.
Pls clarify i am an accountant in power plant.
Can u pls tell me , suppose if i purchase an agricultural produce/residue from farmer to use in power plant biomass, is the farmer required to pay vat on such sale.OR If i purchase from a company such agri residue, is that company required to pay vat if so at what rate.
Pls clarify i am an accountant in power plant.
16 May 2009
The farmer may have depending upon his turnover.
The company is not requiresd to pay VAT irrespective whether the farmer has paid VAT or not.
The company is not requiresd to pay VAT irrespective whether the farmer has paid VAT or not.
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