VAT percentage on sale of machinery as scrap in 2016
This query is : Resolved
06 September 2023
Dear Sir,
Please let me know the Vat rate towards sale of machinery as scrap in 2016
Please let me know the Vat rate towards sale of machinery as scrap in 2016
20 January 2024
As per Schedule A to Section 6(1)(a), sale of scrap is taxable at the rate of five per cent.
https://cag.gov.in/uploads/download_audit_report/2021/6_Chapter%202-061b9e28bed85a3.36955554.pdf
https://cag.gov.in/uploads/download_audit_report/2021/6_Chapter%202-061b9e28bed85a3.36955554.pdf
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