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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 ...


Demo Cars Not Exempt from Tax: Classified as New, Not Used, Under Current Tax Notification for Used Vehicles.

April 1, 2015

Case Laws     VAT and Sales Tax     HC

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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