VAT on pre-owned cars under PVAT is on a dealer of pre-owned cars only and not on every person

0 comments Saturday, October 15, 2011
Recently Punjab Govt has imposed VAT on sale of pre owned cars by a dealer vide notification No. S.O. /P.A. 8/2005/S.8/2011 . the relevant extract of the notification is being produced herebelow:

   In the said schedule ‘E’, after serial No.9, and the entries relating thereto the following shall be added, namely:-

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VAT to be levied on Sugar and textiles from April, 2012-News

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Come April, and you may have to pay more for sugar and textiles.
All the States have arrived at a consensus to levy the Value Added Tax (VAT) on these two items from April 1, 2012.
The Centre had allowed them to levy it from April 1, 2006 in lieu of additional excise duty (AED) on sugar and textiles. But some States withdrew the tax after opposition by the traders. At present only Andhra Pradesh imposes the local tax on both sugar and textiles, while Delhi levies on textiles only.
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