Applicability of vat on second hand cars
This query is : Resolved
30 September 2014
Dear All
What is the basis of deciding the state to which the VAT Payment belongs to in case of Sale of second hand cars - Is it Vehicle Registration No of the Car or any other reason ?
Will the answer be different if the Car is a third Sale where it was purchased in one State Say Karnataka - Sold in another State (Road Tax paid but Registration No not changed )Tamil Nadu and then again sold in another State Gujarat -
Your views will be highly appreciated if quoted with relevant sections or circulars in this regard
What is the basis of deciding the state to which the VAT Payment belongs to in case of Sale of second hand cars - Is it Vehicle Registration No of the Car or any other reason ?
Will the answer be different if the Car is a third Sale where it was purchased in one State Say Karnataka - Sold in another State (Road Tax paid but Registration No not changed )Tamil Nadu and then again sold in another State Gujarat -
Your views will be highly appreciated if quoted with relevant sections or circulars in this regard
30 September 2014
Dear Mr. Satish,
in the act, they use the word "used Car" - so second hand and subsequent hand is consider as same as per my view.
in the act, they use the word "used Car" - so second hand and subsequent hand is consider as same as per my view.
02 October 2014
In tnvat act it's mentioned user motor vehicle, its applicable for all the subsequent sales. If the car purchased from other state, you have to charge VAT @14.50%.
Please refer notification No. GO No.36
Please refer notification No. GO No.36
02 October 2014
In tnvat act it's mentioned used motor vehicle, its applicable for all the subsequent sales. If the car purchased from other state, you have to charge VAT @14.50%.
Please refer notification No. GO No.36
Please refer notification No. GO No.36
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