VAT Rate for Sale Re-possessed Vehicle

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..... Hi, Client dealing 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. - Rep .....

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..... ly By Pradeep Khatri - The Reply = 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. Kindl .....

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..... y check the State Specific Tax Schedule 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 Sched .....

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..... ule / notification, though motor vehicle are coming under residual rate. You may refer VAT Schedule / notification of relevant States. - VAT Rate for Sale Re-possessed Vehicle - Query Started By: - .....

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..... sachin kuchekar Dated:- 7-8-2013 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management Indi .....

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..... a - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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