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 :
1 times
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
