VAT on Sale of Car

Ashish Shah (Senior General Manager) (58 Points)

23 February 2010  


I wish to know if VAT is applicable on Sale of Motor Car by a Company.

The Company has purchased the Car in 2004-05 i.e. before VAT act & now selling the Car as a second hand car

The Company has not claimed set off of Tax amount at the time of Purchase.(It was capitalised)

Please reply asap

Best Regards

ashish shah