Vat on iron goods in gujarat

Anuj (Partner) (31 Points)

13 January 2012  

Dear All,

 

If I purchase iron scrap in gujarat at Rs 30/- per kg (VAT paid - 14%) and sell in gujarat at Rs 31/- per kg. Will I be liable to pay VAT. And what will be the VAT amount. Will it make a difference if my company is registered in Gujarat or any other part of India. 

 

Please let me know.

 

Regards,

Anuj