Chargiability of goodwill under vat, VAT + CST

[deepak dubey]

Can goodwill chargeable under VAT

Posts / Replies

[Rama Krishana]

absolutely no.

[subhashmajumdar]

Mr. Dubey you must be know that VAT is applicable only on Commodity or in other words, goods. Goodwill 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 goodwill is not chargeble under VAT.