Vat on self consumed goods

VAT (Legacy) 1093 views 2 replies

Hi all,

Suggest me with suitable answers on the following situation...

There is a Car dealer in Telangana who purchase Cars from Bengaluru based dealer on CST basis.

If he purchase 10 cars and use 2 cars for his office.

Then what to do? Will there be any applicability of VAT on such 2 cars used for his own office purpose?

As per Excise Act self consumption is equal to sales. Will the same concept be applicable in VAT too?

Whether the dealer has to pay VAT on 8 Cars or 10 Cars?

Replies (2)

vat is applicable on purchases and not on consumption. Hence CST will be applicable.

Yes Mr. Bunty I know that. But what about the difference tax which will be the loss of the Department.

 

In the case the dealer submitted C form. So it is the proof that the goods will be traded in other state. What happened is different... The dealer consumed for his own purpose instead of trading.

In my opinion the dealer has to show it as sale and have to pay VAT..


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details