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SALE OF PRE USED MOTOR CAR

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..... SALE OF PRE USED MOTOR CAR
Query (Issue) Started By: - vishal sharma Dated:- 14-9-2011 Last Reply Date:- 13-10-2012 VAT + CST
Got 1 Reply
VAT / Sales Tax
MY CLIENT IS A REGISTERD DEALER .....

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..... UNDER WEST BENGAL VAT. IT WANTS TO SELL ONE CAR WHICH HAS BEEN USED FOR SOME TIME. WEST BENGAL VAT PRESCRIBES 4% VAT ON SALE OF PRE USED CAR. FURTHER IT GIVES A DEDUCTION OF 50% UNDER RULE 26K TO AR .....

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..... RIVE AT TAXABLE TURNOVER WHICH WILL BE CHARGEABE TO VAT. CAN ANYONE SUGGEST (1) WHETHER MY CLIENT WILL BE ENTITLED TO DEDUCTION UNDER RULE 26K CONSIDERING THE FACT THAT HE IS NOT A DEALER OF PRE USED .....

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..... MOTOR CAR. (2) WHAT WOULD BE VAT RATE CHARGED IN INVOICE/BILL. THANKS VISHAL SHARMA Reply By CA. Surender Gupta: The Reply: Indeed VAT is applicable in this case since the person selling the used .....

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..... car is a dealer.
Discussion Forum - Knowledge Sharing .....

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