Vat on sale of motor car
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2011
Hi, All
Please advice if it is necessary to Pay Vat on sale of Motor car?
Please advice if it is necessary to Pay Vat on sale of Motor car?
02 August 2011
Yes. VAT has to be paid on sale of motor car also.
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2011
Please advice under which provision, as per my knowledge special traction (deemed sale) for Vat i.e 1) work contract 2) leased 3) hire purchase
And sale of motor is assets and not goods than how ca we pay vat as there is no value addition?
And sale of motor is assets and not goods than how ca we pay vat as there is no value addition?
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