Chargiability of goodwill under vat

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

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..... l 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 goo .....

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..... dwill is not chargeble under VAT.
Discussion Forum - Knowledge Sharing .....

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