vat on sale of second hand car in assam
This query is : Resolved
06 October 2007
please let me know whether vat is applicable on sale of second hand car in assam.
if seller has not cahrged vat, whether it is to be deposited by purchaser later on.
if seller has not cahrged vat, whether it is to be deposited by purchaser later on.
12 October 2007
As for VAT Act is concerned, two things has to be examined. One is the classification of goods under the respective VAT Act and the obligatory party to the transaction.
Please refer Assam VAT Act for the classification of second hand car.
As for sales tax is concerned, only it is the obligation of the Seller to collect and pay VAT and not the buyer.
Please refer Assam VAT Act for the classification of second hand car.
As for sales tax is concerned, only it is the obligation of the Seller to collect and pay VAT and not the buyer.
15 October 2007
As I am not having access to Assam Value Added Tax via Internet / printed medium, please tell me precisely whether the purchaser will have to pay any vat on the second hand car purchased.
31 March 2009
Unfortunately, under Assam Value Added Tax Act, 2003 this will be ataxable event.
Section 12 cast libility on dealer to pay VAT in such type of cases.
Thanks
O.P. Agarwalla
Section 12 cast libility on dealer to pay VAT in such type of cases.
Thanks
O.P. Agarwalla
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Long term Capital gains received on sale of Residential Plot of land 10 years after buying it
- RCM INVOICING FROM NOV-2024
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
