purchse of scrap
This query is : Resolved
RAVI SHARMA
(Querist)
24 March 2010
Sir,
If the business is relating to steel fabrication , purchase the scrap of airconditioner plant and sale the same without any change is it be the part of purchase and subject to the vat return for the particular period or not. No tax had been charged on purcahse the same and sale also.
If the business is relating to steel fabrication , purchase the scrap of airconditioner plant and sale the same without any change is it be the part of purchase and subject to the vat return for the particular period or not. No tax had been charged on purcahse the same and sale also.
CA Vijay Kumar Gupta
(Expert)
24 March 2010
PURCHASE OF SCRAP AND SALE OF SCRAP IS PART OF PURCHASE AND SALE AND LIABLE TO VAT IN DELHI.
Ram Avtar Singh
(Expert)
24 March 2010
if your turnover is more than 10 laks you are lible to pay vat.
RAVI SHARMA
(Querist)
25 March 2010
thank's
sir, I have charged 5% on purchase and sale respectively is it correct.Discription of good is mentioned in both purchse and sale invoice are scrap of air conditionar but if discription is change to old air conditionar what rate of vat i will lible to pay thereon.
sir, I have charged 5% on purchase and sale respectively is it correct.Discription of good is mentioned in both purchse and sale invoice are scrap of air conditionar but if discription is change to old air conditionar what rate of vat i will lible to pay thereon.
Ram Avtar Singh
(Expert)
26 March 2010
see your state vat rule
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