Sales tax on sale of used car in tamilnadu
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 March 2014
A Company has sold a used car in Chennai. The company is not in the business of selling cars.
My questions are
1. Is Sales Tax attracted on the sale of car
2. If Yes, what is the rate & on what value must the rate be applied.
3. Is there any seperate registration required for the company??
Kindly give me your valuable views on the same.
Regards
Swaminath.V
My questions are
1. Is Sales Tax attracted on the sale of car
2. If Yes, what is the rate & on what value must the rate be applied.
3. Is there any seperate registration required for the company??
Kindly give me your valuable views on the same.
Regards
Swaminath.V
ANANDAKUMAR
(Expert)
07 March 2014
5% on sale of used cars if did not take any ITC. In this regard, Pl refer G.O.No.II/1/CTR/12 (R-25)/ 2011 dt.11/07/2011
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