Vat on sale of machinery

CA. Deepak Narula (B.Com., ACA, DISA) (541 Points)

15 February 2012  

Hi,

        If a prop firm deals in a tax free goods(i.e cloth) having no Vat no., sell a part of its used machinery. weather vat is payable on the sale value of the used machinery. 

what is the Vat Treatment in this case.

 

Thanks & Regards

Deepak