vat on sale of used machinery

This query is : Resolved 
 


Querist : Anonymous (Querist) 02 December 2009

Pls let me know the rate of VAT applicable on sale of used machinery(like lathe drilling etc) in karnataka. is it 12.5% or 4%


CA Chandra Kishore Bajpai (Expert) 03 December 2009

It should be 4%(refer notification no FD316 CSL 2005 dt 05.08.2005


Querist : Anonymous (Querist) 03 December 2009

thank you, but does it include all machinery used in a light engineering industry such as MILLING MACHINE, SURFACE GRINDER etc or is there any other classification.


Querist : Anonymous (Querist) 03 December 2009

a

CA Chandra Kishore Bajpai (Expert) 05 December 2009

Please you check the notification mentioned. Generally used machine are taxable @4%



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