Vat impact - Capital asset without any profit, VAT + CST

[Rahul Bagaria]

As an unregistered dealer in states of Punjab & Haryana if any sale is mamdeof Capital assets without any profit, what will be the tax impact from VAT point of view.DO the company needs to register it sellf and pay taxes if any

Posts / Replies

[Markesh Antony]

Sale of goods is subject to VAT. Profit motive or no profit motive does not alter the siutation. Even a chartiable institution would be liable to pay vat if engaged in trading activity.