sell of old machinery and furniture
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 January 2011
The company (in delhi) has sold some part of its Plant & Machinery and Furniture in delhi itself . It has charged VAT on the invoices in case of furniture (old) Vat is charged @12.5% and in case of Plant & Machinery (old) Vat is charged @5%.
Please advise on the applicability of VAT tax rate.
Please advise on the applicability of VAT tax rate.
03 February 2011
if the Plant & Machinery and furniture is Purchased from delhi and input Tax Credit is not availed on these items being(Capital Purchase) Retail Invoice received. there is no liability to charge VAT on sales because tax has already gone to government. there cannot be double taxation
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 February 2011
Not agreed
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
