If i want to sell my used machinery will it amount to charging of VAT >
Menu
Vat in sale of used plant & machinery
Replies (2)
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.
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 :
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
Related Topics :
CAclubindia
