Vat Applicable or not


28 June 2009 If stock or fixed assets given to partner against his capital for running their business as a individual then VAT applicable or not. If yes the what percentage?

Secondly partnership continue.

29 June 2009 Is this case of lease?
If yes, then VAT will be levied @ 4%.
If you could further elaborate your case, a clear picture can be formed.



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