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Can purchase from exempted manufacturing unit and trading for the same product be exempted from VAT?

Open uri20170510 32134 7ezpi6?1494421819 jaggu asked almost 3 years ago

Can purchase from exempted manufacturing unit and trading for the same product be exempted from VAT?

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Open uri20170510 32134 s5bvk0?1494421637 ARJUN PRATAP SINGH answered over 2 years ago

Dear Friend, as far as your query is concerned that Can purchase from exempted manufacturing unit and trading for the same product be exempted from VAT? Let me informed that Exemption from payment of tax to manufacturing industries is not available under VAT. Exemptions availing by an industry will be converted into deferral. That means the manufacturer dealer will collect tax on his sales, he will defer payment. Hence, the dealer who purchases the goods from him pays tax and he will get set off of tax paid, on his sales. Hope answer was helpful to you Regards, Arjun Pratap Singh

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