Liability for collecting vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2012
A SALARIED PERSON HAS SOLD A VEHICLE FOR 520000 WHICH EXCEEDS THE LIMIT OF RS.500000,IS THE PERSON LIABLE TO COLLECT VAT AND PAY THE SAME.
30 November 2012
No. VAT is applicable only for traders, business people, industries etc.,
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