what is credit financing? any diff b/w credit financing and
hirepurchase?
Answer / mufeed
Difference between Lease and Hire Purchase: Ownership of the Asset: In a lease, ownership lies with the lessor. The lessee has the right to use the equipment and does not have the option to purchase. ... On the other hand, the depreciation claim is allowed to the hirer in the case of hire purchase transaction.
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We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.
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