A Registered Dealer (Proprietor) in business of trading in auto mobile parts, if he made sale of obsolete stock whether on such sale VAT is applicable or not.
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Vat on sale of obsolete stock
Replies (3)
Yes VAT is applicable on it
Thanks kuldeep,
Whether the rate would be same 5% or there is other rate.
Bro the vat rate depends on state vat laws. Generally the rate is same which is applicable to non-obsolete stock
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