Liability of vat - unregistered dealer

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..... Liability of vat - unregistered dealer
Query (Issue) Started By: - Rahul Bagaria Dated:- 11-5-2009 Last Reply Date:- 12-5-2009 VAT + CST
Got 1 Reply
VAT / Sales Tax
My company is unregis .....

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..... tered dealer in Haryana and we plan to sell our assets to a registered dealer without charging VAT.Subsequently we wan't to take the assets back on a monthly rental lease basis froom the company to wh .....

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..... om we have sold the assets.I don't think we are required to take registration under VAT.I will charge NIL rate of tax and raise invoice.Also there should not be any liability on the leasing company fo .....

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..... r buying the assets from unregistered dealer.Please clarify Reply By Sanjeev Kumar Sundriyal: The Reply: If your company is having assets in Haryana and wants to sell it to in the state of Haryana, a .....

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..... nd if the value of total sale is more than 5 lacs, then you need to charge VAT on the sale of assets. For this transaction you can take registration for a single time seller and deposit the VAT amount .....

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..... to Department.
Discussion Forum - Knowledge Sharing .....

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