import of goods for sale
This query is : Resolved
28 May 2009
Our Company is Importer of Electronic Goods and we use imported goods for Resale in Delhi and whole India.
Is it any provision under DVAT for not to charge VAT on Local Invoice as well as payment of VAT while we resale in Delhi.
In our Central Sales Registration Certificate it is mentioned that "We purchase the Electronic Goods for Resale purpose only."
If the VAT is not chargable/Payable please provide the Section No. also.
Is it any provision under DVAT for not to charge VAT on Local Invoice as well as payment of VAT while we resale in Delhi.
In our Central Sales Registration Certificate it is mentioned that "We purchase the Electronic Goods for Resale purpose only."
If the VAT is not chargable/Payable please provide the Section No. also.
01 June 2009
if you import the said goods and subsiquently sold as highseas and / or import in pursuance of a order then the said import are exempt from VAT but if you import the goods for resale purpose take the dilevry and then sold whether locally and / or centrally, you are liable to VAT/CST accordingly. Pls. note, you can take refund of Additional custom duty paid on import.
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Copyright software
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Transporter Declaration form
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
