take over of business

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....ake over of business<br> Query (Issue) Started By: - RAM AVTAR Dated:- 25-3-2011 Last Reply Date:- 25-3-2011 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>what is the procedure of take over of regis....

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....tered proprietory business by registered privte limited company. what will be treatement of vat credit carry forward Reply By CA Rachit Agarwal: The Reply: Income Tax Point of view Transfer of asse....

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....ts/liabilities from proprietory concerns to private limited company would not atttract the capital gain provided the compliance is made for Section 47 clause (xiv). VAT Point of View The same differ....

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....s from one State Law to other. As per general common rule VAT Registration Certificate is required to be cancealled and fress registration to be obtained. As regard the VAT credit in some states refun....

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....d required to be claimed, while other simply make the amendment to the Registration Certificate and VAT credit is allowed.<br> Discussion Forum - Knowledge Sharing ....