VAT ON AMC
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2009
Sir,
we have one question..
VAT is applicable on AMC or not, please suggest me..
we have one question..
VAT is applicable on AMC or not, please suggest me..
21 December 2009
Dear sir,
If property is goods is getting transferred from one person to another and that goods is taxable under VAT Act of that state, then VAT is applicable otherwise no. You need to check this basis test and then decide.
If property is goods is getting transferred from one person to another and that goods is taxable under VAT Act of that state, then VAT is applicable otherwise no. You need to check this basis test and then decide.
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2009
Sir,
We are selling note sorting machine and also providing services to the customer (Bank). Now some people is saying that AMC is as like sale and service you must be levied VAT on amc amount, however we are levied only service tax. In this regard we have a lot of confusion so please advise.
We are selling note sorting machine and also providing services to the customer (Bank). Now some people is saying that AMC is as like sale and service you must be levied VAT on amc amount, however we are levied only service tax. In this regard we have a lot of confusion so please advise.
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