05 September 2009
We are manufacture & exporter in casting. We were having some export order for that we were manufactured dies as per their specification. We were received payment from exporter for that dies, but dies are retain with us for production. what is the vat rate applicable on dies? its treat as export sale or local sale? please advice........
09 September 2009
The question arises is whether the ownership of the dies has ever been transferred to the client? if not, I don't think that VAT will be applicable in this case.
CAclubindia
