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Vat on car

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(Querist)
26 February 2013 One having car in private limited company, gifted the same to friend of director. Whether vat is applicable as maharashtra value added tax act?.
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
26 February 2013 When there is no consideration there cannot be vat on the same.
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praveen makhija

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praveen makhija (Querist)
26 February 2013 If the consideration in kind?
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