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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- PAYMENT NOT SEND IN 180 DAYS
- DTCP approval
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Is this income indian or foreign income?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
