TMI BlogITC CREDIT UNDER YNVAT ACTX X X X Extracts X X X X X X X X Extracts X X X X ..... ITC CREDIT RULES UNDER TNVAT ACT FOR TAKE OVER OF A RUNNING CONCERN BY THIRD PARTY OR SON AND RUNNING THE SAME UNDER NEW REGISTRATION - Reply By Ganeshan Kalyani - The Reply = The respective States ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ' VAT law is silent on whether VAT is liable to be paid on buying/selling a company on slump sale basis. However, there are case laws which states that buying / selling a concern on slump sale is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not a regular business activity and hence VAT shall not be applicable on slump sale. However if VAT is charged on such transaction then in my view Input Tax Credit should be allowed to the assessee b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uying such concern on a slump sale basis . Thanks . - ITC CREDIT UNDER YNVAT ACT - Query Started By: - Rajkumar Sethiya Dated:- 29-11-2016 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion 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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