banner_ad

Merger of two companies

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 December 2014 SALES TAX PAID FOR THE SALES MADE BETWEEN MERGED COMPANIES BEFORE THE ORDER OF MERGER HAS COME TO NOTICE
FOR EXAMPLE: ORDER OF MERGER IS EFFECTIVE FROM 01.04.2013 BUT THE ORDER HAS CAME TO OUR NOTICE ON 28.09.2014 CAN I GET THE TAX REFUND ON TAXES PAID FOR SALES MADE BETWEEN THE INDIVIDUAL MERGED COMPANIES
Profile Image

CA Hardik Bunha

Profile Image

CA Hardik Bunha (Expert)
01 December 2014 NO, SALES TAX WILL NOT BE REQUIRED TO PAY IN THE CASE OF MERGER OF COMPANIES.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 December 2014 IF ALREADY PAID CAN I GET THE REFUND
Profile Image

MJ Krishnamurthy

Profile Image

MJ Krishnamurthy (Expert)
01 December 2014 VAT exemption arises only for sales done as a part of merger,not before that event.While effecting a merger of two companies the available stock is taken as sold,but with no tax liability.Here the new company has to pay tax on its sales without any input of this old stock.For the sales done before such merger normal VAT liability will be there....mjk
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details