Applicability of VAT upon sale of business activity
This query is : Open
18 May 2009
One of the activity (demerger) of business is demereged into another business including manufacturing units / other assets. Whether VAt is payable upon execution of this transaction on the trading stocks in Maharashtra
19 May 2009
stock is levy for VAT but other(s) are not leviable
19 May 2009
I am of the opinion that upon taking over a business under an agreement, which, infact, is not a sale (which could be defined as restucturing of business whether under court's orders or not - the liability of payment of VAT occurs upon actual sale of the stocks to the subsequent trader or end user. I need someone to logically [under VAT provisions (Maharashtra)] could ratify my views or explain the actual position.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
