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Discussion > VAT > Mahavat >

VAT Rate on Scrap Sale for FY 2011-12

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Chartered Accountant

[ Scorecard : 24]
Posted On 06 May 2011 at 14:33 Report Abuse

Can anyone tell me what is the rate of VAT on Scrap Sale for Financial Year 2011-12?



U S Sharma
glidor@gmail.com

[ Scorecard : 19276]
Posted On 06 May 2011 at 14:43

scrap of what? iron scrap are notificed goods, and here the rate applies for notified goods 4% (5% in some places with recent notifications in some states) 

 

if scrap is of something else, then share.




hardik
article

[ Scorecard : 35]
Posted On 18 August 2011 at 15:02

hi,

can any1 tell me what is mvat rate on scrap sale of waste of mild steel and stainless steel used in manufacturing of final product.....



Ravikant Rawat
Store/Warehouse Incharge

[ Scorecard : 22]
Posted On 18 July 2012 at 15:45

what is the tax rate of empty bags scrap.in dehradun



Pijush Roy
www.pijushroy.com

[ Scorecard : 231]
Posted On 18 July 2012 at 18:06

i think vat rate is 4% because it is notifide goods. if it is used for final product, manufacturer avail to enjoy cenvat benefit


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