vat in commodity market

Querist : Anonymous (Querist) 27 June 2011 This query is : Resolved
can any one give reason why the client required to pay vat only in case of lifting of the physical delivery in case of transaction take place at national spot exchange of e-gold in context of sale of goods act,1956

Follow Query

Report Abuse

R.Ramachandran (Expert) 28 June 2011
Because the sale takes place in the same state. Once the goods are delivered to the buyer the sale transaction gets completed. The VAT is tax on the event of 'sale'. Therefore, when sale has taken place in a State, then VAT has to be paid in the same State.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Tenancy in common
Discharge petition
Subpoena reg
Can a widow wife claim a her deceased husband's property
Judge got transferred
Exemptions to be claimed under sec 72 of cpa
Vehicle sold , buyer not transferred vehicle in his name
Obc ncl income correction
Property purchased under sarfasei act, encroached
Not complying the high court order

Awaiting the shrewd advocate's answer.
Pl. check for legal accuracy
Vacation judge
Legal notice used for harrasment
Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Legal opinion on baseless legal notice and law
Dismissals due to defective legal notices
Legal notice content
Validity of legal notice.....