vat on used machinery
This query is : Open
praful Jain
(Querist)
16 March 2011
Pls let me know the rate of VAT applicable on sale of used machinery(like hydra mobile crain used for loading & unloading in transmission tower line business) in Maharashtra. is it 12.5% or 5%
also let me know what is the excise impect on same how to prepare invoice for same
your early reply will be highly solicited
Thanks & regards
also let me know what is the excise impect on same how to prepare invoice for same
your early reply will be highly solicited
Thanks & regards
16 March 2011
Yes. Under MVAT Act, you will have to charge 12.5% vat on used machinery Schedule Entry E-1.
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