can, anyone sugesst me for one travel agengy which hold 60+ website . and In year end, company sold their website
is it on this sold amt service and vat is levied. or only vat levied
CA. Nishant Jain
(Audit Executive)
(411 Points)
Replied 21 July 2010
Dear Vineet,
From point of view of your querry, the said travel agency owned websites and was not in business of manufacturing or developing the same. So no question of Service Tax or VAT arises. since it is as equal as selling of any other asset of the company.
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