Sale of plants

This query is : Open

Querist : Anonymous

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.

Querist : Anonymous

Querist : Anonymous (Querist)

06 September 2013 guys..please reply on this..
help me..

CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)
Follow

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.

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

16 September 2013 Dear Sir,

Thanks for the information.

this transaction took place in HYderabad.

So please do reply.

Regards,

Vidya

CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)
Follow

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