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

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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