Tax implication
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2016
Hi,
I wish to know for the purchase of machinery will have any implication of tax payable for me.
Also what will be the slab of tax charge on the purchase of machinery which may be worth Rupees 1.5 crores
Thanks for the reply.
Also one more thing I wish to start a business for which I need to purchase machinery which may go around crore and half rupees. So whether in my tax file I need to pay tax for such purchase or just excuse and vat is applied.
I wish to know for the purchase of machinery will have any implication of tax payable for me.
Also what will be the slab of tax charge on the purchase of machinery which may be worth Rupees 1.5 crores
Thanks for the reply.
Also one more thing I wish to start a business for which I need to purchase machinery which may go around crore and half rupees. So whether in my tax file I need to pay tax for such purchase or just excuse and vat is applied.
21 November 2016
Central excise and VAT will be included in the purchase invoice no need to pay any other tax on slab rates.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Specified Profession
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
