What is the basis of deciding the state to which the VAT Payment belongs to in case of Sale of second hand cars - Is it Vehicle Registration No of the Car or any other reason ?
Will the answer be different if the Car is a third Sale where it was purchased in one State Say Karnataka - Sold in another State (Road Tax paid but Registration No not changed )Tamil Nadu and then again sold in another State Gujarat -
Your views will be highly appreciated if quoted with relevant sections or circulars in this regard
02 October 2014
In tnvat act it's mentioned user motor vehicle, its applicable for all the subsequent sales. If the car purchased from other state, you have to charge VAT @14.50%. Please refer notification No. GO No.36
02 October 2014
In tnvat act it's mentioned used motor vehicle, its applicable for all the subsequent sales. If the car purchased from other state, you have to charge VAT @14.50%. Please refer notification No. GO No.36
CAclubindia
