VAT exemption on power generation products
This query is : Resolved
15 June 2010
A compnay is a supplier of power generation products, which it purchases from foreign countries & sales it to domestic customers. they were not charging VAT on sale. So can any one explain (with circular/Notification)that whether VAT is applicable or not for sale of power generation products. Will there be any change in VAT applicability if such sale is of its accessories.
15 June 2010
VAT is State subject we need to refer respective state VAT act.But in this case MY only view is if the products imported by the end user or imported on behalf of end user no VAT applicable, but if as a delar the products imported the VAT is applicable for subsequent sale in India
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