Vat problem

®    The VAT is a system based simply on transaction. Thus there is no need to go through complicated definitions like Sales, Sales Price, Turnover of Purchases, turnover of Sales, etc.

®    The tax is also broad based and applicable to all sales in business (i.e. all types of business for ex-service, sales) leaving little room for different interpretations.

®    Thus, this system brings certainty to a great extent in the matter of interpretational issues.

Ya, this question is of VAT benefit-"certainty"

Hi Friends,

Pls clarify -  Whether the sale of scrap and waste oil obtained on servicing of vehicles by a automobile business assessee is liable for  VAT under A.P.Vat Act.