Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Is vat payable on sale of second hand car sold locally

MNarayanan (Book- Keeper) (169 Points)

29 August 2008

Can anybody answer this query

Thanks & regards

M.Narayanan

Reply
Follow
Share

8 Replies

Vijay Budhwani (AVP Tax) (326 Points)
Replied 29 August 2008

Yes VAT is payable even in case od second hand sale.

Atleast this is the case in case of Maharashtra VAT, i dont know about other state acts.

Upgrade to CAclubindia Pro. Subscribe Now!

Ashwani (Chartered Accountant) (56 Points)
Replied 29 August 2008

There is no vat payable on sale of vehicle. As per decision of the supreme court, there is no vat payable on sale of vehicle.

MNarayanan (Book- Keeper) (169 Points)
Replied 30 August 2008

Originally posted by :Vijay Budhwani

Thanx 4 the reply.But i want 2 know what is the tax in Tamilnadu

Yes VAT is payable even in case od second hand sale.
Atleast this is the case in case of Maharashtra VAT, i dont know about other state acts.

CA Nitin Wadhwani (Chartered Accountant) (4469 Points)
Replied 08 September 2008

Yes

VAT is Payable.

CA Ravish Trivedi (The Possibilities are Infinite...) (772 Points)
Replied 27 September 2008

Dear Ashwani plz give the circular no with reference to NO VAT on sale of second hand car.

Upgrade to CAclubindia Pro. Subscribe Now!

MADHVENDRA NARAYAN (ARTICLE / AUDIT ASSISTANT) (143 Points)
Replied 10 April 2012

I want to know about applicability of DVAT on SECOND (scrap) SALE of FIXED ASSET like vehicle & plant mechinery ,is this amount of sale icluded in our VAT return as TURNOVER. if anyone have circular or nitification regarding this PLZ. mail me on 'madhvendra90 @ gmail.com'

Thanks ragards

CA FInal MAdhvendra narayan.