Please let me know the present rate of VAT for second-hand motor cars in Delhi. The Car was bought within Delhi in 2006 and is resold now. Hence the request. Thank you Regards
Rate of VAT for second hand motor cars
Rangarajan DV
Unregistered seller of second-hand car from 2006 not required to charge VAT on sale in Delhi. A user inquired about the applicable VAT rate for selling a second-hand motor car in Delhi, originally purchased in 2006. The response clarified that as an unregistered individual, the seller does not need to charge VAT on the sale of the second-hand car, whether selling to another individual or a company. Since the seller is unregistered, they cannot recover VAT from the buyer and should not charge VAT on the transaction. (AI Summary)
TaxTMI
TaxTMI