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VAT - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Sale of entire business unit - The bifurcation of the price ...


High Court Rules Business Unit Sale Price Should Not Count Towards Turnover According to Agreement Terms.

December 14, 2013

Case Laws     VAT and Sales Tax     HC

Sale of entire business unit - The bifurcation of the price would not in any manner go against the intention of the parties and going by the various terms of the agreement - there was no justifiable ground to accept that the sale consideration would form part of the turnover - HC

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