LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Taxes on electric items

Prince (ACCOUNTANT) (126 Points)

29 December 2016

Dear Sirs, I am going to submit an invoice of electrical items like wire, Bulb, Electric pannel etc, should i charges Vat on this items or not. The total amount is 167453.

Reply
Follow
Share

7 Replies

manisha (cs) (1118 Points)
Replied 29 December 2016

are u registered as vat dealer

Prince (ACCOUNTANT) (126 Points)
Replied 29 December 2016

Yes sir,

I am register under value added tax.but i am not dealing with electric items first time i am going to submit only one inoice related to electric items.

manisha (cs) (1118 Points)
Replied 29 December 2016

vat applicable

1 Like

Prince (ACCOUNTANT) (126 Points)
Replied 29 December 2016

Thanks Mam.

Bablu Kumar Jha (Accounts Manager) (266 Points)
Replied 29 December 2016

Dear Prince,

If you are registered in DVAT, and now ownwards you will be dealing with electrical items then you should amend your registration with apropriate items that you will be trade, afther that you could sale that product & aplicable VAT theron.

Thanks.

5 Like

Prince (ACCOUNTANT) (126 Points)
Replied 29 December 2016

Thank you Sir !

CS L. KARTHIKEYAN (CA, CS) (62 Points)
Replied 30 December 2016

In your registration itself, the list of items dealing with were mentioned. Hence, the Electrical items were scrap, then you can submit your invoice as a items was scrap other wise you go for amend your registration.