Vat on assets taken over

519 views 1 replies

One partnership firm taking over all the assets and &liabilities of another propreitership, is any VAT implication will arise for such type of asset transfers or takenovers??????

Replies (1)

VAT will be applicable as it is not a transfer but sale. when there is a change in title VTA will be applicable


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register