I BOUGHT A ASSET AS ON 01/09/2010 FOR RS.100000 AND SOLD FOR RS.40000 IN 21/01/2012. ASSET DEPRECIATED FOR RS.30000.I SOLD ASSET AT A LOSS . PLEASE LET ME KNOW THAT I HAVE TO PAY ANY KIND OF SERVICE TAX ON SALE OF ASSET @ 12.50%.
Menu
Sale of asset
Replies (9)
VAT is payable on sale of Asset @ 12.50%.
No Service tax.
Only VAT @ 12.50% applicable on sale value
Only VAT @ 12.50% applicable on sale value
YES NO SERVICE TAX...
NO SERVICE RENDERED.
I think no service tax & no vat.wait for other reply.
VAT is leviable on sales of assets @ 12.5% you can take input if invoice is raised.
VAT is leviable on sales of assets @ 12.5% you can take input if invoice is raised.
Recent Topics :
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
- Eway and e invoicing in condition where 4 party ar
- Bank balance in ITR-3
- INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
- Tempsens Instruments IPO GMP Allotment Listing dat
- Upload Type - Correction. Not showing in TDS filli
- Partnership tax audit query
- ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
- Form 146 foreign remittance us citizen
Related Topics :
CAclubindia
