A Registered Dealer (Proprietor) in business of trading in auto mobile parts, if he made sale of obsolete stock whether on such sale VAT is applicable or not.
Saliq Ansari (CA_Final Student) (885 Points)
31 December 2013A Registered Dealer (Proprietor) in business of trading in auto mobile parts, if he made sale of obsolete stock whether on such sale VAT is applicable or not.
Saliq Ansari
(CA_Final Student)
(885 Points)
Replied 31 December 2013
Thanks kuldeep,
Whether the rate would be same 5% or there is other rate.
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 31 December 2013
Bro the vat rate depends on state vat laws. Generally the rate is same which is applicable to non-obsolete stock
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
