Can anyone tell me what is the rate of VAT on Scrap Sale for Financial Year 2011-12?
4 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 06 May 2011
scrap of what? iron scrap are notificed goods, and here the rate applies for notified goods 4% (5% in some places with recent notifications in some states)
if scrap is of something else, then share.
hardik
(article)
(37 Points)
Replied 18 August 2011
hi,
can any1 tell me what is mvat rate on scrap sale of waste of mild steel and stainless steel used in manufacturing of final product.....
Ravikant Rawat
(Store/Warehouse Incharge)
(22 Points)
Replied 18 July 2012
what is the tax rate of empty bags scrap.in dehradun
Pijush Roy
(ERP SAP Functional Tester)
(281 Points)
Replied 18 July 2012
i think vat rate is 4% because it is notifide goods. if it is used for final product, manufacturer avail to enjoy cenvat benefit
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