Maharashtra VAT

Querist : Anonymous (Querist) 15 November 2010 This query is : Open
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, and when I sell am paying VAT again? Will it make any difference when it is a case of individual?

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