vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2010
If I purchase a car ( In Mumbai ) , I will pay Vat @12.5% . But I do not get any Setoff on that . Now if I sell the same car within a month , then once again I have to charge Vat @ 12.5%.
Then even if I sell the car for the same amount ( Price) at which I purchased , I will be loosing Vat amount.
Whether My understaning is coorect or is therte any provision for not charging vat when i sell the car with in a month ?
Please advice me
Then even if I sell the car for the same amount ( Price) at which I purchased , I will be loosing Vat amount.
Whether My understaning is coorect or is therte any provision for not charging vat when i sell the car with in a month ?
Please advice me
28 June 2010
is your bussiness of car purchasing and selling?
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2010
No . we are not dealer in Car.
We ar into export and import of chemicals
We ar into export and import of chemicals
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