Is the sales tax or vat applicable on sale or purchase of building and ot

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Question

Is the sales tax or vat applicable on sale or purchase of 
building and other fixed assets.

Question Submitted By :: Sanjayrajnish

I also faced this Question!!

Rank

Answer Posted By

Re: Is the sales tax or vat applicable on sale or purchase of building and other fixed assets.

Answer
# 1

No

Is This Answer Correct ?

10 Yes

5 No

Siddeshwara

Re: Is the sales tax or vat applicable on sale or purchase of building and other fixed assets.

Answer
# 2

it will not be applicable

Is This Answer Correct ?

2 Yes

3 No

Vijay007in
[Madhucon Granites Limited]

Re: Is the sales tax or vat applicable on sale or purchase of building and other fixed assets.

Answer
# 3

There is tax for Sale of asset. There is a limit fixed (i 
think its 3,00,000 - dont know exactly), if you cross that 
limit, you should raise invoice and collect the tax. But 
this wont get added with your turnover.

Is This Answer Correct ?

1 Yes

1 No

P. Prasath

Question	Asked @	Answers
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