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..