Transfer of stock

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Nanji Manondra (Querist)
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11 July 2012 At present i am carrying Retail Business of Medical Store on the Licence of person "A" and now i want carry the business on my own medical licence.
Q -1 Can i Transfer the entire Stock from "A" to My own licence at cost price and carry the business?
if yes,
then should i need to make any agreement for that?
Or
Q - 2 If Mr.A sells the whole stock at cost price to me then Mr A is lible to pay any VAT under MVAT Act?

please help me asap....

Nanji Manondra

Nanji Manondra (Querist)
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12 July 2012 Is there any Expert who can answer my above questions ??????????????

CA UMESHKUMAR R. ACHARYA

CA UMESHKUMAR R. ACHARYA (Expert)
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21 July 2012
2. If you have obtained Separate TIN No
then you may purchase the entire stock
at Cost Price and carry on business.

If Mr. A sells the stock to you then
he is liable to pay Vat as per rates under MVAT act.

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