VAT Rate for Sale Re-possessed Vehicle

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..... VAT Rate for Sale Re-possessed Vehicle
Query (Issue) Started By: - sachin kuchekar Dated:- 7-8-2013 Last Reply Date:- 14-8-2013 VAT + CST
Got 2 Replies
VAT / Sales Tax
Hi, Client dealin .....

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..... g in Sale of Re-possessed Vehicle.So,we want know VAT Rate for Sale of Re-possessed Vehicle or second sale.and they deals in all india. Kindly advice on the same. Reply By Pradeep Khatri: The Reply: .....

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..... If the tax rate has not been specifically mentioned in the Tax Schedule then it may fall under residuary list and hence peak rate of tax will be applicable. Kindly check the State Specific Tax Sche .....

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..... dule in this regard. Reply By Ramanujam Varadarajan: The Reply: In number of States, used motor vehicles are subject to lower rate of 4% or 5%, under VAT Schedule / notification, though motor vehicl .....

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..... e are coming under residual rate. You may refer VAT Schedule / notification of relevant States.
Discussion Forum - Knowledge Sharing .....

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