Can some help me in understanding the applicable VAT rate for used/second hand cards in Telangana/Andhra Pradesh. I could see that many states are taxing this at 5%, and some of my friends told that it is 5% even in Telangana/Andhra Pradesh, but not able to find out the source/notification. Can any of you please help ?
VAT Applicability on used / second hand car
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Clarification Sought on Applicable VAT Rate for Used Cars in Telangana and Andhra Pradesh; Official Source Needed A user inquired about the applicable VAT rate for used or second-hand cars in Telangana and Andhra Pradesh. They noted that many states impose a 5% tax and mentioned that friends have informed them the rate is the same in these regions. However, the user is unable to locate an official source or notification confirming this rate and is seeking assistance for clarification. (AI Summary)
TaxTMI
TaxTMI