Difference between Asset share vs Share sale from VAT perspective

Is there a difference between sale of shares and sale of assets from VAT perspective

06/08/2020 18:39:06

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SAJITH N07/08/2020 14:58:22

Sale of shares is exempt under Financial services and sale of assets is taxable unless it qualifies aa TOGC.

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Chintan Kharbanda09/08/2020 18:05:29

Yes there's a difference as sale of shares is not subject to vat while sale of assets is VATable at standard rate of 5%

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