https://www.taxtmi.com/forum/issue?id=111616 Sale of a company-owned used motor vehicle to an employee is taxable under Andhra Pradesh VAT and attracts VAT even if input tax credit was not availed initially. The VAT Rules permit a notional input tax credit for dealers charging VAT on used vehicles, calculated on the actual purchase price with documentary support, adjustable against output tax but not exceeding the output tax payable on the sale. en-us Tue, 14 Mar 2017 14:28:09 +0530 Thu, 23 Jan 2025 15:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111616 Sale of a company-owned used motor vehicle to an employee is taxable under Andhra Pradesh VAT and attracts VAT even if input tax credit was not availed initially. The VAT Rules permit a notional input tax credit for dealers charging VAT on used vehicles, calculated on the actual purchase price with documentary support, adjustable against output tax but not exceeding the output tax payable on the sale. Discussion-Forum VAT / Sales Tax Tue, 14 Mar 2017 14:28:09 +0530 https://www.taxtmi.com/forum/issue?id=111616