niket (FINAL STUDENT) (82 Points)
20 December 2013Whether should we add vat on sale of second hand car ??
the basics of application of vat is that it should be charged on any value added to the product or any good .
whereas here , i depreciated the product by using it than why should we add vat while selling it ??
CA Sanket Gujar
(Professional)
(74 Points)
Replied 21 December 2013
VAT will be levied on the amount you are going to sale.
niket
(FINAL STUDENT)
(82 Points)
Replied 23 December 2013
@ sanket gujar
give sme valid reason to levy tax !!
why should i add " VALUE ADDED TAX " on selling a depreciated product ??
CAclubindia
