Vat rate for sale of old plant and machinery
alok_pummy@yahoo.co.in
(Querist) 29 May 2012
This query is : Resolved
Dear sir,
A partnership firm registered under Rajasthan VAT act purchased new machinery for stone crusher plant from Faridabad Haryana and paid CST @2% against form 'C'.(year oct-2008)
Now after business did not run and the firm wants to sale this machinery/plant to some party which may be registered under Rajasthan VAT or may be some individual without Rajasthan VAT registration.
Please guide the applicability of VAT in rajasthan for this sale of used/un-used plant
thanks to all experts
C. P. CHUGH
(Expert) 29 May 2012
In case the Plant has been abondoned and scrapped and is not reusable, then it would be sold as scrap and local vat as applicable to scrap shall be chargeable, otherwise full rate of tax would be applicable as is applicable on sale of new machinery in the State.
alok_pummy@yahoo.co.in
(Querist) 30 May 2012
Dear Chugh sir,
for Rajasthan at what full rate of tax would be charged for sale of new machinery and also for scrap rate. Please guide.
thanks
Shonee Kapoor
(Expert) 30 May 2012
Local CA can help you in this regard.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
