Applicability of mvat on sale of used fixed assets.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 December 2013
HI,
I have a pvt limited company registered in maharashtra and I want to sell my used Fixed Assets like machinery to another company in Maharashtra.
What will be the MVAT implication in the situation.
I have a pvt limited company registered in maharashtra and I want to sell my used Fixed Assets like machinery to another company in Maharashtra.
What will be the MVAT implication in the situation.
14 December 2013
VAT is Payable on that sale (working to be made in a reverse order)
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