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Maharashtra VAT

(Querist) 12 November 2010 This query is : Resolved 
In case of a Ltd co. if there is a motor car in the balance sheet which is sold,
is MVAT payable? and at what rate?
If yes, then why no set off is available?
Does it not amount to double taxation?
When I buy a car it is MVAT paid, I am not getting any set off on it, and when I sell I have to pay MVAT again.

Will it make any difference when the entity is an individual?
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Khaleel Ahmed Mohammed (Expert) 18 November 2010
Question is not related to this forum.

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