Hey all,
can any one please help in the below mention matter...???
Is VAT aplicable in sale of old/used vehicle of a company and used computer of a company.?
if ans is yes, wheather registration required?
please ans in detail......
thanks
Satya Mishra (CA FINAL) (105 Points)
11 July 2011Hey all,
can any one please help in the below mention matter...???
Is VAT aplicable in sale of old/used vehicle of a company and used computer of a company.?
if ans is yes, wheather registration required?
please ans in detail......
thanks
k.r.rajan
(commercial head)
(26 Points)
Replied 06 September 2011
yes VAT needs to be charged on sale of scrap and used items. The tax applicable is 13.5% . The sale should be effected preferrably to registered customers only.
rajan kr
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