I have sold VKGUY license through agent to third party. Agent and third party both situated in Maharasta. I am Gujarat based exporter. am i liable for VAT under Gujarat? what will be treatment for this whole transaction ?
Harikrushna jajal (Accountant) (108 Points)
18 June 2015I have sold VKGUY license through agent to third party. Agent and third party both situated in Maharasta. I am Gujarat based exporter. am i liable for VAT under Gujarat? what will be treatment for this whole transaction ?
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 24 June 2015
Yes the duty credit scrips attract VAT. you have to charge VAT on the value of the scrip.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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