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Is mvat on sale of fixed assets

Mahavat 2413 views 2 replies

If M/s ABC, is a AOP operating in Mumbai, producing short films. It exports & telecasts it in Hongkong & in India on various channels. Basically it sales the short film produced to the Channel Company telecasting it with charging VAT or CST.

My question is:

The company wants to sales its Fixed Assets (For Eg: Office Furniture, Camera,etc.) to a person within Mumbai. Is MVAT is applicable on the sale of Fixed Assets? If yes, then what would be the rate of VAT charged?

Replies (2)

Mvat is applicable @ 12.5%

Agree with Sandeep Wawhal .....


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