Is VAT applicable on imported goods ?
Bhanu Prakash Rao
(Think Beyond Stay Ahead...!)
(1064 Points)
Replied 28 March 2012
hi
VAT is not applicable but customs and countervailing duty will be charged.
Madhav VL
(Proprietor)
(35 Points)
Replied 28 March 2012
On the same forum, someone has claimed that VAT is applicable on imported goods
/experts/vat-on-imported-items-45731.asp
Can you please clarify.
Madhav
RAMESH KUMAR VERMA
( CS PURSUING )
(43848 Points)
Replied 29 March 2012
MR MADHAV,
THIS LINK IS BEFORE 4 YEAR ,
noted please that vat is applicable on sale of imported goods, But you can claim the benefit of Notification no. 102/2007-customs in this regards,
agreed with BHANU PRAKASH M
CAclubindia
