Menu
VAT rate to be applied
Hi frds.....
Plz tell me the rate of vat to be applied in case of sale of second hand car to a second hand car dealer.........
Replies (3)
you are not required to charge vat on secondhand car as it is not your regular business since car is a capital asset
hello sandeep mishra u only charge vat on those items which specified in ur registration if u registered for selling watches u cant apply vat on car it is ur assest and ur just sellling the car
you have to charge vat on sale of car on the specified rate as per act and vat rate is 12.50%
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
