Is MVAT liable to be paid to sale of used empty printer cartridges and if yes at what rate?
Thank You.
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 04 November 2010
Dear Moiz,
It becomes scrap and the rate is 4% in TN, the and I think the same rate is also applicable for MVAT.
regards
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961