VAT for one time sales

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2011 Hi, One service industry, is transferring the unit and selling the assets, whether VAT need to be registered and VAT is charged for this one time sales invoice.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

28 June 2011 Mr Author,
A service industry is not eligible for registration under a VAT Act in any state.So, taking a registration for a one time sale does not arise. Sale of assets in this case have to be done on a letterhead only and no VAT can be charged.
MJK

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2011 Thank you lot..

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2011 Some people are telling, scrap sold more than a limit will be vatable..and need to be charged 9167663555

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ATUL MAKWANA

seshachary

Rameshkumar Jain

suresh kotte

Mitesh

Subscribe Now

VAT for one time sales

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

Manager- Finance and Compliance

Article Assistant

CA Final

Accountant