Diff btwn exempted and non-vatable goods
This query is : Resolved
25 November 2011
SIR
I WANNA KNOW ABOUT THE DIFFERENCE BETWEEN NON-VATABLE GOODS AND EXEMPTED GOODS.??
I WANNA KNOW ABOUT THE DIFFERENCE BETWEEN NON-VATABLE GOODS AND EXEMPTED GOODS.??
25 November 2011
Exempted - No Need to Pay VAT, Exempted by Majority Passed in Parliament
Non Vatable - Not Complete Sales Defination, Not a Sale, so Q. of VAT Doesnt Arise.
Non Vatable - Not Complete Sales Defination, Not a Sale, so Q. of VAT Doesnt Arise.
26 November 2011
non-vatable...isit something like on which you cannot claim the credit of input tax.....
26 November 2011
Yes, Not Available
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- Dep. as per companies act
- TDS on purchase of under construction property from a reseller
- CHECK RELATED
- SALARY CAN BE CAPITALIZE
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
