Re-sale of fixed asset

This query is : Resolved

Gagandeep Singh (Querist)
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31 January 2012 1. Whether Vat is applicable on the sale of second hand machinery which was used in the process of production in Punjab??

2. Whether Vat is Applicable on the sale of second hand Car or Other fixed asset on which input vat was not available in Punjab??

3. Whether CST is applicable on the sale of second hand fixed asset??

4. If Yes, under which section of Punjab Vat Act??

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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16 February 2012 Yes if you are dealer then otherwise also if the company is paying VAT for other services then also VAT is to be paid

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