Sale on Car

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Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2010 I had purchase a car in 2004, now in 2009 i have to sell it. Is there any vat applicable on it? if yes then how?

Pawan Periwal (Expert)
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02 January 2010 whether this car is for persoanl purpose or you are trading in car buy/sell.

If personal, No VAT otherwise a BIG Yes...

CA Tilak Raj Sharma (Expert)
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02 January 2010 No VAT applicable in your case.

CA Tilak Raj Sharma (Expert)
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02 January 2010 VAT is applicable on the person registered under VAT.

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2010 but i am registered in dvat so what will i do now?

CA Tilak Raj Sharma (Expert)
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07 January 2010 Is is personal car or shown in business accounts.

CA Tilak Raj Sharma (Expert)
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07 January 2010 Have you claimed input credit at the time of purchase?

Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2010 No

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