Is vat payable on sale of second hand car sold locally

Can anybody  answer this query

Thanks & regards

M.Narayanan

Replies (8)

Yes VAT is payable even in case od second hand sale.

Atleast this is the case in case of Maharashtra VAT, i dont know about other state acts.

There is no vat payable on sale of vehicle. As per decision of the supreme court, there is no vat payable on sale of vehicle.

Originally posted by :Vijay Budhwani
"

Thanx 4 the reply.But i want 2 know what is the tax in Tamilnadu

Yes VAT is payable even in case od second hand sale.
Atleast this is the case in case of Maharashtra VAT, i dont know about other state acts.

"


 

Yes

VAT is Payable.

Dear Ashwani plz give the circular no with reference to NO VAT  on sale of second hand car.

 I want  to know about applicability  of  DVAT on SECOND (scrap) SALE of FIXED ASSET like vehicle & plant mechinery ,is this amount of sale icluded in our VAT return as TURNOVER. if  anyone have circular or nitification regarding this PLZ. mail me on 'madhvendra90 @ gmail.com'

Thanks ragards

CA FInal MAdhvendra narayan.

please someone help me in understanding the FORM E-1 and C-FORM.

please someone help me in understanding the FORM E-1 and C-FORM.

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