Merger & acq applicability
This query is : Resolved
Hasmukh Kothari
(Querist)
30 March 2013
is VAT is applicable in case of Acquisition & Merger where asset is transfer from buying co. to selling co.
Please provide Case law related to same.
Please provide Case law related to same.
Hasmukh Kothari
(Querist)
30 March 2013
pls answer it
MJ Krishnamurthy
(Expert)
30 March 2013
Mr H Kothari,
It is generally exempt in all VAT Acts in India. In Karnataka under rule 3(2)(g) it tis given that all amounts realised by sale of a busines as a whole is to be excluded from taxable turn over. If you mention your state relevant rules can be searched for......mjk
It is generally exempt in all VAT Acts in India. In Karnataka under rule 3(2)(g) it tis given that all amounts realised by sale of a busines as a whole is to be excluded from taxable turn over. If you mention your state relevant rules can be searched for......mjk
Hasmukh Kothari
(Querist)
01 April 2013
thank u sir mjk
m looking for maharashtra state
can u pls also provide me case laws
m looking for maharashtra state
can u pls also provide me case laws
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