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VAT on sale of assets

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(Querist)
07 February 2009 What are provision under MVAT for Sale of assets from one company to another company. and the selling company is going concern.
And can buyer claim input credit of the above transaction as there will not be a inovice raised,but all assets will transfer through an agrement
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 February 2009 VAT is leviable on sale of assets.
Buyer can input credit if invoice is raised.
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