Vat on sale of a business as a going concern
This query is : Open
20 April 2010
A sole proprietorship concern running a showroom wants to sell all capital assets and stocks to a partnership concern at the book values as on 31 mar 2010 as a going concern.. The sole proprietor is also an existing partner in the partnership business.Is Vat to be collected on such transfer. If so at what rate?
it may be noted that the building on which the show room existed belong to the sole proprietor. Now the building is proposed to be let out to the partnership on rent and business continue to operate in the same premises as a partnership concern in the name of the partnership firm.
it may be noted that the building on which the show room existed belong to the sole proprietor. Now the building is proposed to be let out to the partnership on rent and business continue to operate in the same premises as a partnership concern in the name of the partnership firm.
21 April 2010
IT IS ACASE OF CHANGE IN CONSTITUTION. APPLY FOR AMENDMENT IN RCs.
24 April 2010
You have not understood my query.
what i want to know is whether VAT to be collected in the situation mentioned by me
what i want to know is whether VAT to be collected in the situation mentioned by me
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
