Rate of vat in rajasthan on sale of plant and machinery in case of closure of business

Girish (Querist) 22 December 2015 This query is : Resolved
My client a company wants to surrender the Rajasthan VAT Registration certificate. Though there are few plant and machinery of Rs.22 lacs ( original cost) Rs. 9.50 lacs (WDV) is standing in books which were purchased against C form and Rs.5 lacs (original cost), Rs.2.60 lacs (WDV) purchased within state.

Now in case of surrender of registration certificate at what rate tax is to be deposited and the value of goods on which tax will be calculated.

There may be 3 possibilities as under:
1. Interstate sale agst Form C
2. Sale to a dealer within rajasthan as capital goods
3. Sale as scrap to vendor.

Please suggest the appropriate solution and tax implication.

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Guest (Expert) 26 December 2015
Can you post this in CAclubindia portal?

K.S.Srinivas (Expert) 26 December 2015
Post this query on CAclunidia.

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