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Liability for collecting vat

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Querist : Anonymous

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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.
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
30 November 2012 No. VAT is applicable only for traders, business people, industries etc.,

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