Vat to be charge or not

Others 438 views 1 replies

A battery is purchased for a fixed asset which costs Rs 2,00,000/- against this battery old battery is being replaced for Rs 30,000/- 

I want to know that on this replacement of 30,000/- Rupees VAT is to be charged or not. and is company need to raise invoice or not. 

Replies (1)
Company can put resales or scrap sales invoice and then to the battery dealer. that amount of vat payble can be adjusted purchase of new battery input.this is only solution.


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