Vat on sales of fixed asstes

A registered dealer in Delhi sale their car (fixed asstes) on Rs. 250000.00. I want to know whether VAT is applicable or he have to pay any tax on this sale. If yes, then what is the amount and section as per Act.

Kindly do the needful.

Almost CA

I think VAT is applicable on sale of Fixed asset. Rate and section i cant tell because VAT differs from state to state. I m telling the position prevailing in my state.

Total likes : 1 times

Nagari Sultanpur U.P.Delhi

Vat applicable 12.5% in sale of car

B.Com, ,C.A. Final

Vat is applicable @ 12.5% on sale of asset within maharashtra.

And net amount  X  will be 250000 * 100 / 112.5 and 

Vat Amt  Y  = X * 12.5%

Total Amount  X + Y = 2,50,000

Student (Articles Completed)

VAT is Not applicable on sale of Fixed Assets held for the use of Business Purpose........VAT is not applicable in the State of Andhra Pradesh.


if it is a second hand car then VAT is not applicable(according to my knowledge). because VAT is value added tax and so it is payable only if any additional features are installed in the car unless no need of VAT.......... 



Vat is not applicable on sale of Fixed Assets.

B.Com, ,C.A. Final

Vat is also applicable on sales of second hand asset.

Senior Accountant

Vat is applicable on the sale of Fixed assets whether it is a car or any other machine use in a Business or purchase in the name of firm/company etc. Vat rates can be differ by States. so see your Vat Shedule.



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