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Reselling of assets can vat charge on it

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(Querist)
06 October 2015 we have a plant which is used in our production we want to sell it and brought a new plant. my question is can we are liable pay VAT on sold plant?
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praveen

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praveen (Expert)
06 October 2015 yes you are liable to collect and pay VAT to the government on resale of machinery

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