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VAT on Scrap Sale

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(Querist)
23 April 2009 In a combines manufacturing co. in punjab, there is scrap sale of Rs. 4.50 lacs. I want to confirm that VAT @ 4% is payable on the same. please confirm at the earliest.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
23 April 2009 Yes, VAT is 4%.

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