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VAT - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Applicability of rate of tax on the sale of demo cars - Benefit ...

VAT and Sales Tax

April 1, 2015

Applicability of rate of tax on the sale of demo cars - Benefit of exemption - By mere use of the new car purchased from the manufacturer for the purpose of demonstration, the said car cannot be treated as a used car so as to attract the benefit under the notification. - HC

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