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Applicability of mvat on sale of used fixed assets.

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Querist : Anonymous

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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.
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CA Kedar Sakhardande

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CA Kedar Sakhardande (Expert)
14 December 2013 VAT is Payable on that sale (working to be made in a reverse order)

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