vat on sale of car

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p (Querist)
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29 July 2009 my company has sold the used car and paid vat on it wheras i think it should not be paid. is the treatment correct.nature of co. is not sale or puchase of car.

Rajesh.P

Rajesh.P (Expert)
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03 August 2009 As per Kerala Value added tax,sale of used motor vehicle was Vatable. But this was omitted by the Kerala Finance ACT 2006 (ACT 22 of 2006) w.e.f 1/7/2006.

Your company went wrong by paying VAT as per the KVAT Act. Check with the local VAT rules of your state.

Rajesh.P

Rajesh.P (Expert)
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03 August 2009 As per Kerala Value added tax,sale of used motor vehicle was Vatable. But this was omitted by the Kerala Finance ACT 2006 (ACT 22 of 2006) w.e.f 1/7/2006.

Your company went wrong by paying VAT- as per the KVAT Act. Check with the local VAT rules of your state.

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