Is there any Sales Tax on sale/ transfer of VKUY Licence.
Sumit Jaiswal (Company Secretary) (818 Points)
06 July 2011Is there any Sales Tax on sale/ transfer of VKUY Licence.
SP
(Head _ Finance)
(31 Points)
Replied 26 March 2012
Yes, you have to pay the local VAT towards Sale of Licenses. The same is clearly mentioned in CST Sales Tax Rules, Section 14, Serial No.34
Hope this clarifies your query.
Thanks
Parandaman
CAclubindia
