Sale of Motor Car owned by Company
This query is : Resolved
28 April 2009
Dear Sir
Kindly let me know whether the company should charge VAT on sale of Motor car owned by it? If yes at what rate under which clause.
The company is not involved in the business of selling of car it is in real estate business. The car has been classified under Fixed Assets
The sale is happening in Karnataka and also between the group companies
Regards
Hemanth
Kindly let me know whether the company should charge VAT on sale of Motor car owned by it? If yes at what rate under which clause.
The company is not involved in the business of selling of car it is in real estate business. The car has been classified under Fixed Assets
The sale is happening in Karnataka and also between the group companies
Regards
Hemanth
28 April 2009
No question arises for payment of VAT as the company is not involved in the business of Production or trade of vehicle/cars.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- BIS Certificates
- Last year TDS Claim
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
