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Levy of vat on sale of assets under mvat act 2005

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 March 2016 Our client is selling a car which is held as asset will it attract vat under mvat act 2005
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
09 March 2016 Second hand vehicle or machinery attract vat.

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