if one proprietor give a machinery to partnership firm under some profit share say 20%, then what is the vat implication of the machinery & what about the CENVAT credit.
if one proprietor give a machinery to partnership firm under some profit share say 20%, then what is the vat implication of the machinery & what about the CENVAT credit.
Value of machinery will be equal to capital contribution amount for which machinery is giving.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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