![]() | #1 |
BHPian Join Date: Jun 2004 Location: Chennai
Posts: 330
Thanked: 20 Times
| ![]() Is the second sales applicable for VAT? I bought a car thru my company ( deducation from my salary and car is on the company name) in 2004. After 3 years, I can buy the car if I want. Since the 3 years is completed, I would like to buy the car and pay the difference to the company. My compnay is adding VAT after the depriciation value of the car. I have to pay around 40K for this. SInce I paid the ST initialy, Do I have to pay VAT now. But only catch is Car is in the company name now. Thanks |
![]() | ![]() |
|
![]() | #2 | |
BHPian Join Date: Dec 2006 Location: Chennai
Posts: 229
Thanked: 54 Times
| ![]() Quote:
The car dealer was an automart so i am sure that he would have had to bill me , there are a lot of uncertainities regarding the vat in Chennai | |
![]() | ![]() |
![]() |
Thread Tools | Search this Thread |
![]() | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
VAT and service tax on property/flat | neoonwheels | Shifting gears | 11 | 8th November 2012 10:47 |
VAT increase in Jan to 20% ?? | dhall_gagan | The Indian Car Scene | 15 | 22nd December 2009 18:53 |
VAT on new cars | caliper | The Indian Car Scene | 3 | 5th August 2007 13:40 |
Hyundai slashes prices in TN- VAT Effect | Surprise | The Indian Car Scene | 11 | 12th January 2007 11:26 |