Sales Tax on Sale of Fixed Assets

ANY FIXED ASSETS WILL SOLD, SALE-TAX WILL BE PAYABLE

Any sale of fixed asset sales tax will be applicable., Also u can claim the VAT now, by submitting the purchase invoice to the ST authority., there is some procedure, better consult the ST Office Or any consultant

If Ur query solve, please let me FWD the procedure for claiming the vat., at azmath @ springfieldsschool.com

Dear sir we are service Provider so how we can liable to pay Sales Tax on sale of fixed assets as per the Sales tax act and can you help me that any Exemption on that and give the suggestion as per the Sales tax act and slso code the act and clause and provision

Dear sir we are service Provider so how we can liable to pay Sales Tax on sale of fixed assets as per the Sales tax act and can you help me that any Exemption on that and give the suggestion as per the Sales tax act and slso code the act and clause and provision

Dear All,

This is regarding the query of Mr. D. Durga Prasad ,

                    First of all sales tax is applicable  for the Fixed Assets sold & Tax invoice should be raised from your side to Purchase Party. Also there are no exemption to avois VAT on sales of Fixed Asset, But you can make a set-off against Your Input Tax Credit.

what is the last date of furnishing the return of vat of different periods such as of annually, half-yearly,qtrly and monthy.

Thanking you

VAT Annually = 20 Nov Every Year

TOT Annually = 20 Aug Every Year

VAT Quarterly = 30th/31st of Quarter's next month in Case of Cash Payment of Tax & 20Th In case of cheque.

VAT monthly = 30th/31st of  Next Month

If i am some where wrong please correct me..?

there is no half yearly return in VAT Rules

Dear Friends, kindly confirm below the doubt.

IS VAT APPLICABLE FOR SALE OF FIXED ASSET BY A COMPANY?

by

Balaji

Dear Sirs/Madam,

1. what the treatment when sale of bussiness as whole i.e without assigning value for individual assets in sales tax , VAT  in relation to fixed Assets

2. what treatment in relation to inventory if sold alongwith bussiness as whole in sales tax/ VAt, Excise.

please advice  on applicability of various laws inrelation to sale of bussiness assets 

there will be sales tax on sale of any asset. it could be fixed asset sale or a sale in normal course of business.

@ Azmathullah Khan  did you got that procedure to claim ... if you got please mail me ravirajshet @ gmail.com