Vat impact - Capital asset without any profit

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..... Vat impact - Capital asset without any profit
Query (Issue) Started By: - Rahul Bagaria Dated:- 17-3-2009 Last Reply Date:- 18-3-2009 VAT + CST
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VAT / Sales Tax
As an unregist .....

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..... ered 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 .....

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..... taxes if any Reply By Markesh Antony: The Reply: 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 .....

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..... vat if engaged in trading activity.
Discussion Forum - Knowledge Sharing .....

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