Applicability of vat on transfer of moveable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2011
A proprietorship concern wills to convert into a company.The assets also have to be transferred.
Will VAT be chargeable on transfer of immoveable & moveable assets?
And what rates?
Will VAT be chargeable on transfer of immoveable & moveable assets?
And what rates?
14 November 2011
Mr. Author,
Here sale of business as a whole is involved. In most of the states sale of business is exempt from VAT.Moveable and immoveable assets also go with the sale of business itself and get exempt.
MJK
Here sale of business as a whole is involved. In most of the states sale of business is exempt from VAT.Moveable and immoveable assets also go with the sale of business itself and get exempt.
MJK
14 November 2011
Mr. Author,
Here sale of business as a whole is involved. In most of the states sale of business is exempt from VAT.Moveable and immoveable assets also go with the sale of business itself and get exempt.
MJK
Here sale of business as a whole is involved. In most of the states sale of business is exempt from VAT.Moveable and immoveable assets also go with the sale of business itself and get exempt.
MJK
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