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Resale of car

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 August 2012 if we sold the car in profit or loss then we have to pay vat or not and can we claim this vat as input tax credit? the deal is in andhra pradesh.
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
28 August 2012 VAT is payable for the sale of car on the sale value. VAT input credit cannot be claimed for this in AP.

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