Sale of plants


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 September 2013 Hi everyone,

i have a query.

our company had given a portion of land to a customer for undertaking plantation activities of Eucalyptus. meanwhile, they have observed some standing subabul trees which has some commercial value. therefore, they have sold it off and gave the proceedings to us (sale value-cost incurred by them).

is VAT applicable to this transaction or Service Tax?

Please do reply as early as possible.

Thanks in advance.

Best Regards.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 September 2013 guys..please reply on this..
help me..

08 September 2013 Hi,

Service tax does not attract because no consideration for the service rendered by the customer.

For VAT clarification please let me know which state VAT applicable for this transaction.




Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 September 2013 Dear Sir,

Thanks for the information.

this transaction took place in HYderabad.

So please do reply.

Regards,

Vidya

04 October 2013 Hi vidya,
I am not familiar with AP VAT I request other experts to answer the query



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries