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incidence & levy of tax

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26 March 2008 we are share broking firm NSE/BSE registered. we are selling fixed assets to a company registered in kolkata which is also engaged in share broking and provision of other financial services, at book value. we are not vat /cst registered entity. this is not our nature of business. should we charge vat or cst.
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
27 March 2008 Vat/CST is applicable only in respect of sale of business goods . In my opinion, Capital goods in ur case does not attract VAT/CST liability since it is not transaction in the nature of sale of goods
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
27 March 2008 YES I THINK MR SHAILESH IS CORRECT
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