Vat on sale of vehicle
nikhil s. pailwan (CA) (33 Points)
30 December 2016nikhil s. pailwan (CA) (33 Points)
30 December 2016
Rahul Patidar
(student)
(70 Points)
Replied 30 December 2016
Yes, you need to charge VAT and take VAT credit of new car purchased. As the purchase value shall be more than sale so may be NET VAT LIABILITY will be NIL
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