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.
3 Replies
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
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
