TMI Blogtake over of businessX X X X Extracts X X X X X X X X Extracts X X X X ..... what is the procedure of take over of registered proprietory business by registered privte limited company. what will be treatement of vat credit carry forward - Reply By CA Rachit Agarwal - The Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly = Income Tax Point of view Transfer of assets/liabilities from proprietory concerns to private limited company would not atttract the capital gain provided the compliance is made for Section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 47 clause (xiv). VAT Point of View The same differs from one State Law to other. As per general common rule VAT Registration Certificate is required to be cancealled and fress registratio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n to be obtained. As regard the VAT credit in some states refund required to be claimed, while other simply make the amendment to the Registration Certificate and VAT credit is allowed. - take over o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f business - Query Started By: - RAM AVTAR Dated:- 25-3-2011 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal op ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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