wat s rate of VAT applicable on sale of old machinery captively used now being scrapped??
And reference to it in the Act.
Sale of capital goods
Rashmi (CA-Final-articled assisstant) (48 Points)
06 March 2010
HITESH GORI
(CA in practice)
(148 Points)
Replied 06 March 2010
if it scrap than in maharashtra vat rate is 4%
if it is machinery in good condition than whichewer rate is applicable to that machinery