Sale on Car


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 January 2010 I had purchase a car in 2004, now in 2009 i have to sell it. Is there any vat applicable on it? if yes then how?

02 January 2010 whether this car is for persoanl purpose or you are trading in car buy/sell.

If personal, No VAT otherwise a BIG Yes...

02 January 2010 No VAT applicable in your case.


02 January 2010 VAT is applicable on the person registered under VAT.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 January 2010 but i am registered in dvat so what will i do now?

07 January 2010 Is is personal car or shown in business accounts.

07 January 2010 Have you claimed input credit at the time of purchase?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 January 2010 No




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries