Poonawalla fincorps
Poonawalla fincorps

RATE OF VAT

This query is : Resolved 

30 December 2010 Dear Friends,
I am working in a Gujarat based pharmaceutical company. We are going to sale our excess asset of 'iron cupboard' in the market. I want to know :
1) Shall VAT be charged on the sale of this asset?
2) If yes. Then at what % shall be charged?

30 December 2010 On Iron 2% against Form C & 4% vat/CST applicable in local and none registered dealer of interstate sale.



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