Please guide on the various direct and indirect tax compliances when fixed assets are shifted from one state to another state in India within same Company/firm- specifically taxes like excise and CST/VAT.
Menu
Shifting compliances of fixed assets between states
Replies (1)
With regards to CST and VAT since it is transfer between branches of same company situated in different place no CST and VAT is applicable.
As for as Excise is concerned if any credit of excise as been availed when asset was purchased same needs to be reversed - General Rule. There are exception for whcih please go through cenvat credit rule 2004.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
