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Vat liability on transfer of capital assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 October 2014 Dear Sir
We are running hospital now we are going to sell the capital goods like building, furniture, surgical instruments to another person. Please let me know what % of VAT need to be collected on this transfer of asset in gujarat
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CA Parul Saxena online

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CA Parul Saxena online (Expert)
27 October 2014 12.5% vat is leviable on transfer of vehicles
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girish

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girish (Expert)
28 October 2014 If this is business transfer then no VAT
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 October 2014 Yes we r selling hospital in totality. Than no VAT ? R u sure. If yes pls provide me relevant circuler

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