Vat on sale of Machinery used for mfg.

deepak K Gujrati (CA-practice) (966 Points)

19 April 2009  

M/s Z is an unregistered dealer. The Firm wants to sale a machinery purchased by it in earlier years. The purchaser of the machinery[ other state] is a registered dealer and wants to give Form C. How should M/s Z issue invoice and whether liable to charge Vat and if yes then at what rate. M/s Z is working in U.P.