https://www.taxtmi.com/article/detailed?id=5995 Resale of motor vehicles used in the business is not subject to VAT if treated as sale of capital goods and four cumulative conditions are met: sale of capital goods; continuous use by the dealer from purchase till sale; use in making taxable supplies (not exclusively non-taxable); and no input tax credit was claimed in respect of those goods. Motor cars remain non-creditable goods under the Act as reflected in the applicable schedule. en-us Wed, 07 Jan 2015 06:34:22 +0530 Wed, 07 Jan 2015 06:34:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5995 Resale of motor vehicles used in the business is not subject to VAT if treated as sale of capital goods and four cumulative conditions are met: sale of capital goods; continuous use by the dealer from purchase till sale; use in making taxable supplies (not exclusively non-taxable); and no input tax credit was claimed in respect of those goods. Motor cars remain non-creditable goods under the Act as reflected in the applicable schedule. Articles Value Added Tax - VAT and CST Wed, 07 Jan 2015 06:34:22 +0530 https://www.taxtmi.com/article/detailed?id=5995