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.
Since z is a unregistered dealer it can not issue a vat invoice nor it can accept form "C" assuming that z is also not registered under central sales tax act.
But assuming that value of machinery is large enough to attract compulsory registration of Z under the VAT act there z ltd has to deposit the liability of vat from the sale consideration of machinery
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
