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 NAIR07/08/2020 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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