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