RATE OF VAT
This query is : Resolved
30 December 2010
Dear Friends,
I am working in a Gujarat based pharmaceutical company. We are going to sale our excess asset of 'iron cupboard' in the market. I want to know :
1) Shall VAT be charged on the sale of this asset?
2) If yes. Then at what % shall be charged?
I am working in a Gujarat based pharmaceutical company. We are going to sale our excess asset of 'iron cupboard' in the market. I want to know :
1) Shall VAT be charged on the sale of this asset?
2) If yes. Then at what % shall be charged?
30 December 2010
On Iron 2% against Form C & 4% vat/CST applicable in local and none registered dealer of interstate sale.
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