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Is the sales tax or vat applicable on sale or purchase of
building and other fixed assets.

Question Posted / sanjayrajnish

Answers were Sorted based on User's Feedback



Is the sales tax or vat applicable on sale or purchase of building and other fixed assets...

Answer / siddeshwara

No

Is This Answer Correct ?    17 Yes 6 No

Is the sales tax or vat applicable on sale or purchase of building and other fixed assets...

Answer / p. prasath

There is tax for Sale of asset. There is a limit fixed (i
think its 3,00,000 - dont know exactly), if you cross that
limit, you should raise invoice and collect the tax. But
this wont get added with your turnover.

Is This Answer Correct ?    2 Yes 1 No

Is the sales tax or vat applicable on sale or purchase of building and other fixed assets...

Answer / kulwant singh

Only fixed assets

Is This Answer Correct ?    1 Yes 0 No

Is the sales tax or vat applicable on sale or purchase of building and other fixed assets...

Answer / vijay007in

it will not be applicable

Is This Answer Correct ?    4 Yes 5 No

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