Vat Related Quary

[Tarun Narang]

My company is a logistic company . it has its own trucks and some times it sold old trucks after use it for some period.

my Que is wheather sale of old truck is liable to Vat if yes , Then in what states it is liable to vat & at what rate .Because its operations are spread allover india.

AI Summary

Logistics Company Seeks Clarity on VAT Applicability for Old Truck Sales; Rates Vary by State, Legal Advice Recommended A logistics company inquired about the applicability of VAT on the sale of old trucks, given its operations across India. One response indicated that the sale is subject to VAT, with rates varying by state according to local schedules. Another response noted the absence of specific clarifications under HVAT for old trucks, suggesting that the company seek advice from legal counsel and the relevant department for precise guidance.