banner_ad

Exempted Goods

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 August 2010 Dear Sir/ Madam,
We have a Trading Firm based in Rajasthan. I purchased HDPE used bags from a manufacturing concern. They charged vat 5 % on such item. As per the Raj Vat Rules "used bags" is exempt from tax subject to the item should be mentioned in Registration Certificate of the seller. in our firm's registration certificate item "used bags" is mentioned.
Qurie is
When I sell the used bags whether i have to charge the vat on sale bill ? where as i paid the VAT at the time purchases but Item "used bags "appeared in my registration Certificate

and if VAT is not be charged at the time of sales then is the credit received on such a purchases can be utilised for other transactions?
Profile Image

VINOD ARORA

Profile Image

VINOD ARORA (Expert)
13 August 2010 On exempted goods no ITC shall be allowed even if the goods were taxable at the time of purchase or exempt in VAT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details