https://www.taxtmi.com/forum/issue?id=111178 State VAT laws do not expressly address VAT on slump sales; case law treats slump sale as a transfer of a running concern and not a regular business transaction, typically placing it outside VAT scope. If VAT is nevertheless charged on such a transfer, the purchaser should be entitled to claim Input Tax Credit for the VAT borne on acquiring the business. en-us Tue, 29 Nov 2016 17:45:06 +0530 Thu, 23 Jan 2025 15:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111178 State VAT laws do not expressly address VAT on slump sales; case law treats slump sale as a transfer of a running concern and not a regular business transaction, typically placing it outside VAT scope. If VAT is nevertheless charged on such a transfer, the purchaser should be entitled to claim Input Tax Credit for the VAT borne on acquiring the business. Discussion-Forum VAT / Sales Tax Tue, 29 Nov 2016 17:45:06 +0530 https://www.taxtmi.com/forum/issue?id=111178