Posted on April 12, 2021
1. The collapse of the sale by BTA: A break-up sale is mainly made by the business transfer method When considering the definition of “promotion” under the Indian stamp law, it is understood that no distinction is made between real estate and real estate. Goods can be sold by delivery to the buyer upon receipt of the price without actual transport, but if a written transport is carried out, it is taxable as such. Intangibles, such as commercial or commercial debt or overvalue, must necessarily be transferred to the written instrument and diverted as transport and transfer. While land/buildings are real estate, machines installed in a factory site (fixed to the ground) can be considered land based on the extent and durability of the facility, as well as the purpose of installing and fixing the machine. For example, the sale of a fertilizer facility as part of a burglary would be considered land, alongside land and building land, if the intention was always that the facility would remain permanently fixed to the land and the building transferred. If a contract does not intend to act as an immediate transfer of the sale of the land, such an instrument must be qualified as an agreement and not transport. An agreement to sell a business with its assets, including the value, would not be a sales contract, but only a contract of sale, whereas the parties intended to enter into force from the date of the agreement at the time of the conclusion of the transaction and, although no actual transport activity was prepared to carry out the proposed sale with regard to goods or personal assets (a sale activity was carried out only with regard to the property). 4. CG – search of the break and enter – Net value of the company Applicability of the GST to the enterprise transfer agreement When reviewing the business transfer contract, the Authority found that the applicant in “Innovative Textile Ltd.”, [2019 (4) TMI 1499 – AUTHORITY FOR ADVANCE RULINGS, UTTAHAND] The seller is and manufactures textile yarns, fabrics and clothing.