Vat on old audi car sale
This query is : Resolved
20 January 2016
Hi, Myself Ankur Garg and working in a limited company, my query is that if a company owned an Audi car and now the company wants to sell it out, so will the vat be applicable on sale price if yes then how? if the company has paid the vat on the time of Purchase, kindly advise
KAVIRAJA ADDANGADI
(Expert)
20 January 2016
YES , VAT IS APPLICABLE ON CAR SALE. IN KARNATAKA IT IS 5.5% BUT YOU HAVE NOT MENTIONED WHICH STATE VAT REGISTERED.
20 January 2016
Yes, taxable in Kerala also @ 0.50%.
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