Selling a/c machine after use , can be chargeble for vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2011
we brought 2 Air conditioner machine for company in 1990, after put to use, we are planning to remove and resale the same, at the time of capitalisation we did't take input credit for the same.
Pls let us know this trancation to be charged Vat for resale
If chargible what is the rate of tax.. in Andhra Pradesh Value added Tax
Pls let us know this trancation to be charged Vat for resale
If chargible what is the rate of tax.. in Andhra Pradesh Value added Tax
02 September 2011
input credit is not available on office machinery,
for clearance, sale the same as scrap of AC and pay 5% VAT
for clearance, sale the same as scrap of AC and pay 5% VAT
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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- Transporter Declaration form
- E-Invoice applicability for new Startup
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
