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Sale of old Air Conditioner under scrap will attract vat?

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(Querist)
04 May 2011 Sale of old Air Conditioner under scrap will attract vat?
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RAM SAINI

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RAM SAINI (Expert)
05 May 2011 yes it will
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VAMSI ASSOCIATES/S.PHANI RAJ

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VAMSI ASSOCIATES/S.PHANI RAJ (Expert)
05 May 2011 if your businees is trading of air conditioners then it will attract vat

else your are not charged the vat

the margin either profit or loss can be taken in to profit & loss account
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