Chargiability of goodwill under vat

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....hargiability of goodwill under vat<br> Query (Issue) Started By: - deepak dubey Dated:- 16-5-2009 Last Reply Date:- 20-5-2009 VAT + CST<br>Got 2 Replies<br>VAT / Sales Tax<br>Can goodwill chargeable ....

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....under VAT Reply By Rama Krishana: The Reply: absolutely no. Reply By subhashmajumdar: The Reply: Mr. Dubey you must be know that VAT is applicable only on Commodity or in other words, goods. Goodwill....

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.... is not goods or commodity it is completely intangible & part of capital cum assets if Goodwill will be cover VAT then after few times Govt. will be carge VAT on capital also. Finally conclussion good....

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....will is not chargeble under VAT.<br> Discussion Forum - Knowledge Sharing ....