Dear Members,
We are planning to sell company two wheelers to our employees on Depriciation value with in the state of Andhra Pradesh.
For this VAT is applicable or not.............?
If Yes.... what is %.......?
Regards,
Raj Kumar.
Raj Kumar Sambari (Accountant) (24 Points)
31 July 2013Dear Members,
We are planning to sell company two wheelers to our employees on Depriciation value with in the state of Andhra Pradesh.
For this VAT is applicable or not.............?
If Yes.... what is %.......?
Regards,
Raj Kumar.
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 02 August 2013
VAT is applicable at reduced rates(5%) for used vechiles,including two wheelers....mjk