We had purchased a car in the name of company at Rs 6 Lacs. After using for 3-4 years, now we had sold it at Rs 100000 to an individual. Should we have to pay VAT (Gujarat) on that.
Thanks
We had purchased a car in the name of company at Rs 6 Lacs. After using for 3-4 years, now we had sold it at Rs 100000 to an individual. Should we have to pay VAT (Gujarat) on that.
Thanks
CAclubindia
