iam working in a manufacturing concern. our company recently sold some used vehicles. whether VAT is applicable on sale of used vehicles in ANDHRA PRADESH. we are not dealers of vehicles.
Menu
Vat on resale of vehicles in andhra pradesh
Replies (1)
It is case of Capital asset so capital gain tax can raise only if the consideration received more than the WDV of the asset.
Recent Topics :
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
Related Topics :
CAclubindia
