This form is an Asset Purchase Agreement. The seller agrees to sell to the buyer certain assets which are listed in the agreement. The form also provides that the buyer will not be responsible for any unfilled orders from the customers of the seller.
Fixed Asset Purchase With Gst Entry In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-00419
Format:
Word;
Rich Text
Instant download
Description
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FAQ
📌 1️⃣ Sale of Immovable Fixed Assets (Land & Buildings) ✅ Sale of an under-construction building → GST @18% applies (Treated as a supply of services).
Capital goods under GST are defined as assets used or intended for use in business activities, which are capitalized in the taxpayer's books of accounts. This includes machinery, equipment, and furniture used in the production of taxable goods or services.