Vat on sale of fixed assets
This query is : Resolved
AMIT KUMAR MITTAL
(Querist)
22 February 2013
Dear sir,
my company deals in sale purchase of paints and hardware, and my company has a car and we wants to sale it to an individual now query is does the company have to charge any vat from the individual on car sale if it is not the main objective of the company.
thanks
amit
my company deals in sale purchase of paints and hardware, and my company has a car and we wants to sale it to an individual now query is does the company have to charge any vat from the individual on car sale if it is not the main objective of the company.
thanks
amit
CA CS Pawan Jajoo
(Expert)
23 February 2013
In maharashtra you will have to charge VAT on it.
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