Sale of imported machinery without vat/cst registration
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2012
We have imported A Mining Equipments in 2010.But we haven't take any Sales Tax Reg as it was meant for Service.As the plan not matured we want to dispose the Machine.As it is a occational sales and we have not CST Reg.Can we sell it without charging Sales Tax ?
In that case whether buyer will face any problem ?
A Datta
In that case whether buyer will face any problem ?
A Datta
24 June 2012
Are you a regular importer? Whether invoice/bill of entry is in the individual's name? What is the value of the imported machine in INR?
The buyer will not be in a position to avail any input tax credit and there will not be any problem as long as it is a second hand machinery.
rengaraj
The buyer will not be in a position to avail any input tax credit and there will not be any problem as long as it is a second hand machinery.
rengaraj
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