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[ananthatax]

A Registered Dealer being a firm purchases (for own use )new car in Karnataka paying VAT.After using it,if sold in Karnataka,whether firm is laible to pay VAT again on sale price ?
If so is it not against VAT principle?

[amarkakaria]

According to me, the firm will have to provide for VAT.

But I could not understand your rationale behind VAT principle. Please elaborate the same for the benefit of the members of this forum.

[vgoenka.2000]

Even I am perplexed by this question? However, in West Bengal VAT Act, there is a provision whereby the state govt. can make rules for making provision for VAT when the dealer sells certain capital goods (which includes a motor car). I even know of instances where during assessment, the AO has levied VAT on motor car sold during the year (where the assessee had not provided for). It would be helpful if someone lets me know the rationale behind this.

[mygulf]

I guess this should not be a problem with it. used cars sale

[lindamiller40]

Very tricky question. Rule of thumb, VAT has to be paid only for once.

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car sales Sheffield

[lindamiller40]

Hey fellas, issues sorted yet or still there is any complexity.

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used car valuation

[jhonedon35]

Following blogs like : auto blogs | car blogs | blogs about cars are also discussing this VAT on Used car sale issue. Discover!