Dear,
Our Company purchased vehicles for comany use 4 years ago. After being used for 4 years, now we want to sell off few of those vehicles. I would like to know what is the rate of VAT applicable on sale of used cars in AP
3 Replies
Ankur Bahel
(article)
(21 Points)
Replied 11 August 2011
| Originally posted by : Venkateswarlu Yeruva | ||
 |
Dear, Our Company purchased vehicles for comany use 4 years ago. After being used for 4 years, now we want to sell off few of those vehicles. I would like to know what is the rate of VAT applicable on sale of used cars in AP |
 |
VAT is applicble at 12.5%
Amit Gupta
(Loosening Myself)
(1508 Points)
Replied 31 August 2011
| Originally posted by : TRILOCHAN | ||
|
|
Vat rate is 12.5% |
|
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