Transfer of right to use?

SANJAY (CHARTERED ACCOUNTANTS) (938 Points)

02 November 2011  

Dear Members,

Please clarify that if a company registered under sales tax for selling of goods and company transfers rights to use its fixed assets to other company and it comes to under deemed sales so whether ther comapny should inform to the sales tax department of transferring such rights to use or it can pay the VAT on the basis of current sales tax registration??

Please reply soon!!!

Sanjay Verma