Vat on scrap sales
This query is : Resolved
27 January 2012
Dear All,
What is the % of VAT on scrap sale ??
Regards,
Santosh
What is the % of VAT on scrap sale ??
Regards,
Santosh
28 January 2012
Mr Santos,
Ferrous and non ferrous scrap are chargeable at 5% and other miscellaneous scrap at 14% in Karnataka and some other states.
MJK
Ferrous and non ferrous scrap are chargeable at 5% and other miscellaneous scrap at 14% in Karnataka and some other states.
MJK
29 January 2012
vide notification no.FD 82 CSL 10(III), Bangalore dated 31.03.2010. as per entry no. 3 of this notification ALL KINDS OF SCRAP and WASTE MATERIAL shall be taxable @ 5% in the state of Karnataka.
I beg to differ with Mr. M J Krishnamurthy sir.
I beg to differ with Mr. M J Krishnamurthy sir.
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