If i want to sell my used machinery will it amount to charging of VAT >
Vat in sale of used plant & machinery
Shreeharsh Kesharwani (Student CA Final ) (30 Points)
08 January 2015
2 Replies
CA Piyush
(CHARTERED ACCOUNTANT - PRACTICE)
(361 Points)
Replied 08 January 2015
Not sure but in my opinion vat should not be charged as you have consumed it as an end user, so there is no further tax liablity.
karambir
(prop)
(22 Points)
Replied 09 January 2015
No vat applicable if credit not taken of capital goods (Anand Decors Vs. Commissioner of Trade and taxes (Delhi High Court), ST. APPL. 35/2014 date of Decision 23rd December, 2014)
but I have also one confusion about applicability of tax on machine purchased against C Form.
Recent Topics
- Tyres purchased ITC clime?
- LUT Number on Invoices
- HSN Summary B2B and B2C
- DRC-01 Demand Notice for filing GSTR-9 Wrongly
- Income Tax for freelancing services
- Income Tax Return Filing Reg
- DRC 03 payment method
- GST Registration for Service Providers
- Tax for individual freelancing service providers
- LUT Number confusion! ARN or Reference Number
Related Threads
CAclubindia
