Vat on sale of used generator
Priyanka (Job) (23 Points)
23 December 2016Priyanka (Job) (23 Points)
23 December 2016
Shubham Gupta
(Business Consultants)
(2077 Points)
Replied 23 December 2016
value of sale will be taken exclusive of excise duty,
cenvat credit of exccise duty have to be reversed @ 2.5% for each quater for use of asset.
VAT applicabilty depends on state to state.
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