Dear Sir,
We are a sand supplier. We purchase sand from mines and supply end to end users i.e. builders, etc. During the purchase we take Royalty Receipts. Those Royalty Receipts are in the name of end users. In principle we are not purchasing sand we are only transporting sand. Whether VAT is applicable to us ?.Or is there some other tax we should be paying.
Sand Supplier Liable for VAT Due to Trading Activity Despite Holding Royalty Receipts in End Users' Names A sand supplier inquires about VAT applicability, stating they only transport sand and hold Royalty Receipts in the names of end users. A consultant responds, highlighting an increase in VAT on sand and related materials in the 2015-2016 Madhya Pradesh budget. Another participant advises that the supplier is liable for VAT, as their activity involves trading sand from mines to end users. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
