I would like to know what is the rate of TNVAT for Used Granite Machinery as on 19.11.11?
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Tnvat for used machinery as on 19.11.11
Replies (3)
Dear Visak,
Any capital goods whether it is used or new it is taxed @ 4%.
Thank you. But is it 4% or 5% after the VAT percentage changes?
yes you are correct it is 5%
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