MVAT on sale of used car

SEJAL (STUDENT) (24 Points)

04 December 2009  

Hi,

Is VAT payable on sale of used motor car in Maharashtra? Note that the car is accounted as fixed asset in the books of company / firm. Does th company / firm need to issue a sale invoice to the buyer of used car?

Please reply at the earliest.

 

Regards,

Sejal