Vat escaping

kishore kethe (internal auditor) (33 Points)

06 July 2013  

Hi,

I am from Andhra Pradesh,

we are doing the fisheries business, we transport the fishes to north india. while transporting the fishes to North India we are using the ice.

Fisheries business is exempted from VAT, ice we purchased attracks the VAT.

Now we are intersted to acquire the ice plant so that we directly consume.

So can I able to avoid the VAT, since there is no sale element of the ice, moreover ice is incidental to my fisheries business.

Please suggest whether I able to avoid the VAT

Hi, we are doing the fisheries business and exporting the fishes to other places, while transporting the fishes we are using the ice. the fisheries was exempted from VAT, but the ice attracts the VAT. Now our company interested to acquire the ice plant which is incidental to our business.The entire produced by the ice plant used for own consumption not for the outside sale. When we acquire the ice plant and use the ice for own consumption, whether VAT attracted or not.?

Read more at: /experts/experts_display_list_unresolved.asp?mode=open
Hi, we are doing the fisheries business and exporting the fishes to other places, while transporting the fishes we are using the ice. the fisheries was exempted from VAT, but the ice attracts the VAT. Now our company interested to acquire the ice plant which is incidental to our business.The entire produced by the ice plant used for own consumption not for the outside sale. When we acquire the ice plant and use the ice for own consumption, whether VAT attracted or not.?

Read more at: /experts/experts_display_list_unresolved.asp?mode=open
Hi, we are doing the fisheries business and exporting the fishes to other places, while transporting the fishes we are using the ice. the fisheries was exempted from VAT, but the ice attracts the VAT. Now our company interested to acquire the ice plant which is incidental to our business.The entire produced by the ice plant used for own consumption not for the outside sale. When we acquire the ice plant and use the ice for own consumption, whether VAT attracted or not.?

Read more at: /experts/experts_display_list_unresolved.asp?mode=open
Hi, we are doing the fisheries business and exporting the fishes to other places, while transporting the fishes we are using the ice. the fisheries was exempted from VAT, but the ice attracts the VAT. Now our company interested to acquire the ice plant which is incidental to our business.The entire produced by the ice plant used for own consumption not for the outside sale. When we acquire the ice plant and use the ice for own consumption, whether VAT attracted or not.?

Read more at: /experts/experts_display_list_unresolved.asp?mode=open
Hi, we are doing the fisheries business and exporting the fishes to other places, while transporting the fishes we are using the ice. the fisheries was exempted from VAT, but the ice attracts the VAT. Now our company interested to acquire the ice plant which is incidental to our business.The entire produced by the ice plant used for own consumption not for the outside sale. When we acquire the ice plant and use the ice for own consumption, whether VAT attracted or not.?

Read more at: /experts/experts_display_list_unresolved.asp?mode=open