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Vat on fixed asset

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Querist : Anonymous

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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
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ANIL SULEGAI PREMANATH

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ANIL SULEGAI PREMANATH (Expert)
28 October 2013 It is 100% right. you need to charge tax on the sale of fixed asset.

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