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is vat is applicable on sale of imported goods

ajimuddin shaik

is vat is applicable on sale of imported goods

VAT Applies to Imported Goods Sale; Potential Benefits Under Notification No. 102/2007-Customs for Unaltered Goods Mentioned. A forum discussion addressed whether VAT applies to the sale of imported goods. Two participants confirmed that VAT is applicable. One participant mentioned that while VAT is indeed applicable, there is a possibility to claim benefits under Notification No. 102/2007-customs if the goods are sold in the same condition as imported. (AI Summary)
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Mahaganapathi V on May 14, 2011

Yes

YAGAY andSUN on May 28, 2011

 

 

The obvious answer is Yes. But you can claim the benefit of Notification no. 102/2007-customs in this regards, if the goods are removed by you as such. 

Regards,

 

Pradeep Khatri

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