VAT on sale of used cars in Karnataka
This query is : Resolved
13 March 2010
1) what is the rate of VAT on second hand cars sold
2) VAT should be charged on entire sale value of used car or on the difference between taxable value of sale and purchase amount of such car.
ALSO CAN YOU CLARIFY
As per notification FD182CSL2008(V) BANGALORE DTD.31.7.08 the VAT should be 4% on difference amount of sale and purchase of used car. Is there is any change in that, if so can it is possible to provide reference no. of clarification/ notififcation issued by Commercial TAx Dept, Karnataka
M.K. VENKATESH
2) VAT should be charged on entire sale value of used car or on the difference between taxable value of sale and purchase amount of such car.
ALSO CAN YOU CLARIFY
As per notification FD182CSL2008(V) BANGALORE DTD.31.7.08 the VAT should be 4% on difference amount of sale and purchase of used car. Is there is any change in that, if so can it is possible to provide reference no. of clarification/ notififcation issued by Commercial TAx Dept, Karnataka
M.K. VENKATESH
15 March 2010
DEAR EXPERS
THE ABOVE QUERY IS VERY URGENT.
CAN SOMEBODY HELP ME IMMEDIATELY BY GIVING QUICK RESPONSE
THE ABOVE QUERY IS VERY URGENT.
CAN SOMEBODY HELP ME IMMEDIATELY BY GIVING QUICK RESPONSE
20 March 2010
HELLO
I GOT MY QUERY CLARIFIED FROM OTHER SOURCES. HENCE CLOSE THIS QUERY
I GOT MY QUERY CLARIFIED FROM OTHER SOURCES. HENCE CLOSE THIS QUERY
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