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
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Capitalgain tax purposes for valuation report compulsory
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Oct 2025 Invoices
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- TAX AUDIT ON PROFESSIONAL INCOME
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
