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
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961