Sale of Assets
This query is : Open
26 August 2009
We have two units in Faridabad, one unit was sold (i.e., land and building) alongwith the plant and machinery, furniture and all the electric installation, under an Agreement. Stamp Duty was paid on the agreement.
I would like to know whether vat will be charged on the sale of plant and machiney, furniture and electric installation under Haryana VAT Act.
Also, whether the payment of stamp duty will have any impact on the vat payment
I would like to know whether vat will be charged on the sale of plant and machiney, furniture and electric installation under Haryana VAT Act.
Also, whether the payment of stamp duty will have any impact on the vat payment
31 August 2009
Kindly reply on urgent basis
31 August 2009
No.
31 August 2009
Whether your answer is for impact of payment of stamp duty on VAT or
for charging of vat onthe assests.
for charging of vat onthe assests.
05 September 2009
VERY URGENT
11 September 2009
usually stamp duty is only on land and building. On sale of plant and machinery and furniture etc, you have to pay vat. First see how have you constructed you sale agreement.
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