Vat on sale of used cars to employees
This query is : Resolved
Sudhir Chopra
(Querist)
20 September 2016
We are a service Industry in Haryana. We need to dispose of old cars registered in Haryana to our employees in Haryana. Is VAT applicable on such sale in Haryana
Amol S Joglekar
(Expert)
20 September 2016
if you are having VAT TIN of Haryana, then you need to charge VAT in such a second sale. Else not required.
Sudhir Chopra
(Querist)
20 September 2016
Thanks for Quick reply. Being a service industry we are not registered under VAT. Value of sale of second hand 3 cars is 17.55 lacs. Do we need to get registered under VAT ?? just for sale of second hand cars??
Amol S Joglekar
(Expert)
20 September 2016
No, not required. You are not crossing the registration limit....because car sale is NOT your regular business
Sudhir Chopra
(Querist)
20 September 2016
Thanks once again. What is the Registration Limit in Haryana for service industries like us?? Or we are exempted
Amol S Joglekar
(Expert)
20 September 2016
service industry is NOT required to get itself registered under VAT
Sudhir Chopra
(Querist)
20 September 2016
Thanks for all your help
Amol S Joglekar
(Expert)
20 September 2016
you are most welcome.
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