Applicability of vat for onlinebussiness
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 November 2013
i have a query about applicability of vat if i start an online business where as i'm just setting up the platform and acting as an agent. but simultaneously i would like to issue an invoice in my name.
eg: i receive an order on my online portal from Mr.A. i Place an order to Mr.B to supply the goods to Mr.A issuing invoice by me on my name.
Now whether i have to pay Vat for a sale to Mr.A and take input of Mr.B though even i'm taking just commission from Mr.B?
eg: i receive an order on my online portal from Mr.A. i Place an order to Mr.B to supply the goods to Mr.A issuing invoice by me on my name.
Now whether i have to pay Vat for a sale to Mr.A and take input of Mr.B though even i'm taking just commission from Mr.B?
07 November 2013
unless you issue invoice in your name, you are not liable to pay vat/cst
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