Ours is a Govt department,(Gujrat)which holding Public auction of Old used Vehicles-Ambassador & Mahindra jeep.
what is the VAT rate% to be taken on Sale value realised In auction.
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 15 July 2010
The rate for vehicles are 12.5% .
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)