VAT /CST IS APPLICABLE ON SCRAP SALES?IF SO WHAT IS THE RATE? PLEASE REPLY URGENT
2 Replies
Binod Kumar Sinha
(COMMERCIAL DEPARTMENT)
(141 Points)
Replied 16 July 2009
| Originally posted by :Kishan Kumar | ||
| " | VAT /CST IS APPLICABLE ON SCRAP SALES?IF SO WHAT IS THE RATE? PLEASE REPLY URGENT | " |
This sale will be treated as scrap sale and VAT/CST will be charged on the same.
Dilip Kumar K
(Assistant Commissioner (CT) Retired)
(28 Points)
Replied 19 July 2009
| Dear Kishan I am to inform you that VAT is leviable on the sale of scrap. The rate of VAT will be that applicable to the commodity mentioned in the schedule of goods as per your state. In the case of Interstate sale it will be liable to CST at 2% if covered by valid C Form and in the absence of the C Form the higher rate of VAT applicable under the State . | ||
| " | VAT /CST IS APPLICABLE ON SCRAP SALES?IF SO WHAT IS THE RATE? PLEASE REPLY URGENT | " |
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