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.
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.
CAclubindia
