banner_ad

VAT ON SALE OF CAR

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 December 2009 DEAR FRIENDS,
CAN VAT LIABLE ON SALES OF A CAR TO A DEALER WHO IS REGD UNDER MVAT ACT ?
1) IF YES, ON WHICH AMOUNT LIABLITY ATTRACT i.e., SALE VALUE, PROFIT ON SALE OF CAR
2) UNDER WHICH SECTION IT IS APPLICABLE ?

PL. GIVE UR VALUABLE SUGGESION IN THIS MATTER

THANKING YOU,
pritu_chandiwal@rediffmail.com
Profile Image

Amit Sheode

Profile Image

Amit Sheode (Expert)
17 December 2009 dear pritu,
Kindly remember the basic principle that VAT is a tax on sale of goods. Hence the levy is on the basic charging section i.e. Sec 6 of MVAT Act.
Since the tax is on sale the tax is payable on sale value actually received/ receivable
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details