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Interstate purchase of second hand machines
Dear Experts
I want to buy some second hand machinery of sick unit in Delhi to start my own business.I dont have any registered company as of now, can't wait or deal will be lost. If I transfer machines from Delhi to Haryana. What formalities are necessary in such scenario so that I am not harassed at any point and apply for company registration within fortnight of purchasing machines.
Thanks for your kind help.
Replies (2)
Purchase of Second hand goods is taxable as per the tax rules.
"State Govt has powers to tax second hand goods: -
Schedule VII of the Constitution of india List II gives powers to the state govt to levy tax on " SALE OF GOODS" , it never bars to not to tax second hand goods. This means state govt has full powers to levy tax on second hand goods even though sold on loss."
When you purchase from interstate as not a registred dealer. they will invoice to you in full tax amount of that item. that there is no CST concession on your purchase.
SIR since my firm is not registered, I can't produce form 38 for entry in Haryana, though paying vat is not problem, Is it ok to transport machines without form 38
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