03 November 2011
A proprietorship concern wills to convert into a company.The assets also have to be transferred. Will VAT be chargeable on transfer of immoveable & moveable assets?
14 November 2011
Mr. Author, Here sale of business as a whole is involved. In most of the states sale of business is exempt from VAT.Moveable and immoveable assets also go with the sale of business itself and get exempt. MJK
14 November 2011
Mr. Author, Here sale of business as a whole is involved. In most of the states sale of business is exempt from VAT.Moveable and immoveable assets also go with the sale of business itself and get exempt. MJK