Vat on gold
This query is : Open
14 February 2012
What are the consequences if i invest in Gold coin for short term regarding VAT charges at the time of purchase and sales? Do the investor is charged both the times for the duty? Plz reply
21 February 2012
Dear Rachna
Vat formality is to be done only by dealers. As you are individual you need not have to comply for VAT unless your turnover excedd 5 lacs
Vat formality is to be done only by dealers. As you are individual you need not have to comply for VAT unless your turnover excedd 5 lacs
28 February 2012
But i have to pay VAT and when i m going to resale shall have to bear the consequences?i.e. vat charge.... i m not asking for formalities of legal compliance. plz clarify
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