Purchase of second hand machinery
This query is : Resolved
vamsikrishna
(Querist)
23 February 2016
Hi i am planning to purchase a second hand machinery worth 20 lakhs whether vat/cst are applicable for such purchase if the purchase are take place intra/inter state purchase
Regards,
vamsi
Regards,
vamsi
CA Kapil Verma
(Expert)
23 February 2016
Yes,
in case of interstate 2% Cst will charge if buyer in register dealer under CST.
Otherwise full tax of the seller state will applicable.
Kapil Verma
Founder
www.Taxadvizer.com
in case of interstate 2% Cst will charge if buyer in register dealer under CST.
Otherwise full tax of the seller state will applicable.
Kapil Verma
Founder
www.Taxadvizer.com
Message likes :
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vamsikrishna
(Querist)
24 February 2016
thank you very much
vamsikrishna
(Querist)
24 February 2016
vat or cst paid on the purchase of second hand machinery can i avail input tax credit in the state of KARNATAKA.
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