Purchase asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2012
Dear sir
I want to purchase a machine ( asset) within tha state its cost is 200000 lac With 2% vat and same machine in out of state its cost is 195000 than which machine I purchase
plz ignor tha spelling mistake
thanx & regards
manoj Panday
I want to purchase a machine ( asset) within tha state its cost is 200000 lac With 2% vat and same machine in out of state its cost is 195000 than which machine I purchase
plz ignor tha spelling mistake
thanx & regards
manoj Panday
CA Vibhash Kumar Sah
(Expert)
14 May 2012
Any tax/duty which is recoverable viz,available as Input Credit, duty drawback etc., doesnot form part of the cost. In your case, if u can take the input credit of 2% Vat, u need to exclude the VAT amount while evaluating two options. please consider the freight & other incidental cost, if any, before selecting any option.
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