Sale of ,scrap by a co-op housing society

Discussion in 'VAT' started by kanchan, Sep 6, 2013.

  1. kanchan

    kanchan Member

    A co-op housing society has received Rs.13 lacs from sale of scrap during the year. this is a one time activity & does not happen every year. However, does the society become a deemed dealer & is liable to charge Vat as the turnover exceeds Rs.5 lacs? If No, kindly giv eme the link to the relevant provisions n sections. Request your reply urgently

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