Applicability of VAT on sale of Fixed Assets
This query is : Open
01 January 2011
If a compnay is selling its fixed asset whether vat will be applicable on such sale, particularly sale of motor vehicle.
01 January 2011
Hi
VAT is applicable for second hand sale of machinery or motor car at the rate 4% or 5% as per the karnataka value added tax act 2003.
hence please check you are looking from which state ?
VAT is applicable for second hand sale of machinery or motor car at the rate 4% or 5% as per the karnataka value added tax act 2003.
hence please check you are looking from which state ?
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