Vat on 2nd hand desktop
This query is : Resolved
Shivraj Poojary
(Querist)
19 June 2013
Dear Sir,
Our company is buying second hand desktop (1 nos) from coaching institute.
Coaching institute raised the invoice & they charged 5.5% of VAT.
Do we need to pay VAT on 2nd hand Desktop?
Please confirm.
Our company is buying second hand desktop (1 nos) from coaching institute.
Coaching institute raised the invoice & they charged 5.5% of VAT.
Do we need to pay VAT on 2nd hand Desktop?
Please confirm.
CMA Ramesh Krishnan
(Expert)
23 June 2013
Yes. VAT is applicable on the 2nd sales also.
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