Dear all
can U please let me know, is there any VAt applicable on sale of scrap of building material in delhi
also the Rate?
2 Replies
Ankit Agarwalla
(CA)
(281 Points)
Replied 30 July 2013
Yes. Vat @ 5% is prescribed for steel & iron scrap in Delhi.
Arihant Nahata
(Profession)
(43 Points)
Replied 30 July 2013
Thanks, but my point is on sale of building concrete etc while dismantling a building.
second the dealer has not got registered for he didnot require to be so , since he war a reality trader
Then how to pay if he is at all liable
Normal VAT Registration for single entry is not viable and also to comply quarterly once registered
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