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Vat on sale& purchase of car

This query is : Resolved 
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(Querist)
19 August 2013 Reg: Mumbai - Maharashtra-VAT

Our client is a Pharma-Pvt. Ltd.Co.
they have sold motorcar & has charged VAT
to buyer,so they will have to pay this
collected VAT to dept
but in the same year they also have purchased a new car on which they have paid
VAT as also Entry Tax on this car
can we claim set off of this payments
from vat collected on car sale
Please guide
Thanks
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Prakash Kochar

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Prakash Kochar (Expert)
24 August 2013 U/r. 54 (1) no set off is available on passenger car if it is not used in business of hiring. On purchase seller will charge VAT but on purchase no setoff is available.
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