https://www.taxtmi.com/forum/issue?id=5354 Whether sale of a company-owned, depreciated vehicle attracts VAT depends on the VAT regime and statutory definitions rather than prior sales-taxation history. Under VAT, many State laws treat every disposal of goods, whether in the course of business or not, as a sale for levy purposes. Parties must assess whether the vehicle is a capital good or capital asset, the statutory definition of sale in the applicable VAT law, and whether prior taxation or the vehicle's purpose affects VAT liability; the Delhi High Court reasoning cannot be taken as universally determinative under VAT without examining those provisions and facts. en-us Tue, 26 Feb 2013 17:32:18 +0530 Thu, 23 Jan 2025 15:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5354 Whether sale of a company-owned, depreciated vehicle attracts VAT depends on the VAT regime and statutory definitions rather than prior sales-taxation history. Under VAT, many State laws treat every disposal of goods, whether in the course of business or not, as a sale for levy purposes. Parties must assess whether the vehicle is a capital good or capital asset, the statutory definition of sale in the applicable VAT law, and whether prior taxation or the vehicle's purpose affects VAT liability; the Delhi High Court reasoning cannot be taken as universally determinative under VAT without examining those provisions and facts. Discussion-Forum VAT / Sales Tax Tue, 26 Feb 2013 17:32:18 +0530 https://www.taxtmi.com/forum/issue?id=5354