Vat or cst on sale of car by a partner
This query is : Resolved
11 June 2013
One of my partner had bought a car in his personal name and claimed depreciation on it. Now he has sold the car. So do i need to pay VAT/ CST on the Car sold??
11 June 2013
For personal car selling, there is no VAT/CST. If the car is in the name of the firm which has got VAT RC in the state, then VAT is applicable.
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12 June 2013
Thanx a lot sir.
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