Vat on fixed asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 October 2013
hi
our company purchased fixed asset that time we have not taken input vat credit and we are selling the same product with vat is it right according to APVAT.
Regards,
Venkat
our company purchased fixed asset that time we have not taken input vat credit and we are selling the same product with vat is it right according to APVAT.
Regards,
Venkat
28 October 2013
It is 100% right. you need to charge tax on the sale of fixed asset.
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