I would like to know what is the rate of TNVAT for Used Granite Machinery as on 19.11.11?
3 Replies
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 24 November 2011
Dear Visak,
Any capital goods whether it is used or new it is taxed @ 4%.
arasan
(Director)
(29 Points)
Replied 25 November 2011
Thank you. But is it 4% or 5% after the VAT percentage changes?
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