asset transfer
This query is : Resolved
CA CS Shradha tolia
(Querist)
26 April 2010
if there is transfer of all capital assets from UNIT I to UNIT II WILL it attract excise duty
CA Ravi Sisodia
(Expert)
26 April 2010
no
27 April 2010
yES, IN CASE OF ASSET TRANSFER, EXCISE DUTY WILL BE ATTRACT. EXCISE DUTY CHARGED BY UNIT I WILL BE AVAILED BY UNIT II.
IN CASE OF ASSET TRANSFER WITHIN INTER UNIT, SALES TAX IS NOT CHARGED AGAINST FORM F.
IN CASE OF ASSET TRANSFER WITHIN INTER UNIT, SALES TAX IS NOT CHARGED AGAINST FORM F.
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