banner_ad

Tax implication on Sale of Machinery

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 January 2008 A Partnership Construction Firm transfers their Concride Mixer Machine to their Partner at the time of Desolution.
What will be the VAT Liability of Firm on Sale of Machinery ?
Profile Image

M.JANAK RAO

Profile Image

M.JANAK RAO (Expert)
03 January 2008 1. @12.5% VAT on Concride Mixer Machine, if Item will be sale and showing to Partner Personal Balance sheet,

2. If it will be showing Firm Balance Sheet ( Vat Liabilty is NIL)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


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
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details