Sale of fixed assets like vehicle

This query is : Resolved

supriya (Querist)
Follow

17 May 2017 if we are listed company and we are oil manufacturer and we sold vehicle not in ordinary couse od bussiness which was a fixed assets for us but sale on loss so why vat would attact becouse there is no value addistion by us and on what amount vat would be charged on slae consideration? vehicle is vatable in our state, please reply

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

17 May 2017 i dont have idea regarding from which state you belongs.. but on sale of old vehicle in rajasthan there is a fixed vat amount that should be charged depending on their CC.

So you need to check VAT amount on sale of old vehicles in your state

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

T.N.Reddy

Sreekumar J Pai

asmita gupta

Keshav Dubey

kambamcr@gmail.com

Subscribe Now

Sale of fixed assets like vehicle

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Manager- Finance and Compliance

GST CONSULTANT

Accountant

CA Final

Senior Executive