VAT clarification
Asked by
VAT applicability on sale of tools and moulds without physical movement hinges on territorial rules and state-specific rates.
Whether VAT applies and at what rate to sales of tools and moulds not physically moved depends on territorial and classificatory rules; the available reply states the treatment hinges on the specific State's law and rates and cannot be determined without identifying the State for place-of-supply and VAT incidence. (AI Summary)
Whether VAT applies and at what rate to sales of tools and moulds not physically moved depends on territorial and classificatory rules; the available reply states the treatment hinges on the specific State's law and rates and cannot be determined without identifying the State for place-of-supply and VAT incidence. (AI Summary)
At what rate the VAT is to be charged on sale of tools & moulds when the mould/tools not physically moved????? If yes at what rate to be charged? if no why the reason for????
TaxTMI