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vat on old car

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(Querist)
10 June 2009 If a partnership firm sold old car or truck whether vat should be applicable?
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
10 June 2009 Yes unless there is any specific exclusion in the local VAT law
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Jagdish Bhalia

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Jagdish Bhalia (Expert)
10 June 2009 Yes VAT will be applicable
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