vat on sale of used machinery

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 December 2009 Pls let me know the rate of VAT applicable on sale of used machinery(like lathe drilling etc) in karnataka. is it 12.5% or 4%
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CA Chandra Kishore Bajpai

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CA Chandra Kishore Bajpai (Expert)
03 December 2009 It should be 4%(refer notification no FD316 CSL 2005 dt 05.08.2005
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2009 thank you, but does it include all machinery used in a light engineering industry such as MILLING MACHINE, SURFACE GRINDER etc or is there any other classification.
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2009 a
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CA Chandra Kishore Bajpai

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CA Chandra Kishore Bajpai (Expert)
05 December 2009 Please you check the notification mentioned. Generally used machine are taxable @4%

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