Member Strength 16,26,033 and growing..
Is VAT payable on sale of used motor car in Maharashtra? Note that the car is accounted as fixed asset in the books of company / firm. Does th company / firm need to issue a sale invoice to the buyer of used car?
Please reply at the earliest.
Company has to Pay VAT @ 12.5% calculating as if they have collected tax & Their is no need to issue an invoice for Such Sale.
Your are not logged in . Please login to post replies
Click here to Login / Register
Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.
Alternatively, you can log in using: