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Is vat paid on sale of vehicle

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(Querist)
16 July 2013 XY ltd. purchased a car worth of 6,84,000(including vat@12.5%=76000) on 15/04/2008. Now on 16/10/2012 company sold that car for 290000/-. now my question is whether vat applicable on this? how much? if there is any provision of law please mention it.
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
17 July 2013 Sale of second car is taxable and hence vat is payable and can be collected from the buyer.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 July 2013 after collecting from buyer such vat needs to be remmited to state govt vat dept within applicable time limit.
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hari prasad reddy gundre

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hari prasad reddy gundre (Querist)
18 July 2013 thanks for the reply

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