VAT ON RESALE OF USED ASSETS
This query is : Resolved
25 June 2008
Please let me know the % of VAT for resale of Used assets?. Please take FY 2007-2008 into consideration while answering this question.. Thanks
07 July 2008
its depend on facts i.e. if that assets sold as scrap (assets are not further usable)then VAT@4% otherwise rate of tax would be respective assets as scheduled under VAT
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