vat on sale of used machinery

This query is : Resolved

Querist : Anonymous

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

CA Chandra Kishore Bajpai (Expert)
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03 December 2009 It should be 4%(refer notification no FD316 CSL 2005 dt 05.08.2005

Querist : Anonymous

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 : Anonymous (Querist)

03 December 2009 a

CA Chandra Kishore Bajpai

CA Chandra Kishore Bajpai (Expert)
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05 December 2009 Please you check the notification mentioned. Generally used machine are taxable @4%

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