Vat on used car

Others 1205 views 3 replies

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

Replies (3)
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%

Vat rate is 12.5%

Originally posted by : TRILOCHAN

Vat rate is 12.5%


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