06-19-2010, 09:06 PM
Dear Sakhi
Supply means
- Sale
- Other transfer of the right to dispose ofgoods as a owner
including putting to <b>private,</b> business or <b>non business use</b> of goods produced or manufactured in the course of taxable activity for the purposes other than those of making a taxable supply.
Therefore a Registered Person is required to pay Output tax on such dispossession and can adjust Input tax accordingly
Regards
Supply means
- Sale
- Other transfer of the right to dispose ofgoods as a owner
including putting to <b>private,</b> business or <b>non business use</b> of goods produced or manufactured in the course of taxable activity for the purposes other than those of making a taxable supply.
Therefore a Registered Person is required to pay Output tax on such dispossession and can adjust Input tax accordingly
Regards
