Vat liability under karnataka vat

Dear Rupa 

The charging section of the KVAT act levies tax on every shall be levied on every sale of goods in the State by a registered dealer or a dealer liable to be registered, in accordance with the provisions of this Act. 

dealer liable to be registered means the person whose turnovew=r has exceeded five lac rupees.

You would have to get registration and pay VAT on the sale of assest as per the rate specified in the schedules of the KVAT Act.