Sir, we are logistics service provider based in gurgaon, haryana. Since we are a part of service industry we are not registered under hvat. We have sold some trucks to party.
Now, we seeks advice whether sale of trucks laible to vat?
I request you to share your knowledge.
Thanks in advance
No. SInce VAT is leviable on goods traded and not on goods held as fixed assets.
vat is leveid on sale of fixed assets under MVAT..
Varma Raja & Associates
Thrissur
CA Inter
View Details
CCI
Pro
CAclubindia
