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Hire purchase

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(Querist)
29 October 2013 how do you calculate VAT on HP. I worked out a sum and the solution was very confusing. I can't find any other information on how to calculate HP.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
29 October 2013 VAT attracts on principal portion. Service tax attracts on the interest portion subject to abatement as per notification 26/2012 ST.
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