We have purchased the testing equipment in the year Dec 2013 from out side state with 2 % cst.
Now i want to sell the same within karnatak state .whether i have charge 5.5 % vat of 14.5 vat (karnataka state)
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Vat in case of sale of used testing machine
Replies (2)
It depends on what category the item falls in as per KVAT Act. If it falls under capital goods or other goods under 3rd schedule, then 5.5% is leviable. See the schedule for more details: https://ctax.kar.nic.in/acts/kvat/KVAT_ACT_2003_ENGLISH.pdf
thanks
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