23 July 2011
Dear All, Our company is dealing in trading of computer items such as printer ,computer, laptop, cartridge, dvd writer, etc. we are also given some printers to the parties on monthly rental basis & we are issue monthly bill @ 2200/- plus 5%vat. I can't understand that why we are charging vat on it, because vat is charged only sale of goods & not on renting of the goods, please explain me with sections and ammendments.
CAclubindia
