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In case of transfer of a business who is liable to pay service tax?
Wiki User
∙ 7y ago
This should and would be defined in the agreement to purchase the business and also could be based on the type of sale. Say you purchase a corporation by simply purchasing all the shares of the corporation from the previous owners. In this case you would have also purchased all the receivables and debts of the business. I was considering purchasing a corporation years ago but due to the financial situation of the business we proposed doing an asset buyout. In this case we would have purchased the assets of the company including the name, patents, and receivables of the company but not the shares, debts, and assets that were pledged as security.
Wiki User
∙ 7y ago
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How does merchandising businesses differ from service businesses when it comes to accounting?
A merchandising business sells products to customers, whereas a service business provides or sells services to customers. For example: A beauty salon is considered a service business because you are providing a service to the customers. in the case of a beauty salon, the service could be cutting hair, doing someones eyebrows, etc. A sports store such as Sports Mart is considered a merchandising business because you are selling products to customers. in this case the products could be shoes, hockey sticks, etc. Merchandising business has inventory.
What do you mean by transfer pricing?
transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,
Do you have to pay your company credit card debt if it is out of business?
It depends on the credit card application and the structure of the company. Most credit cards issued to a small business are guaranteed by the owner. In that case, you must pay. If the card was issued soley to the company, the credit card company could sue your corporation to recover any assets available. If the company was a sole proprietorship or a partnership, you are liable.
Can I Apply For Accounts Receivable Financing If My Small Business Owes Back Taxes?
Of course. Tax troubles are handled on a case-by-case basis. Let your lender know immediately in order that he can discuss the payoff of your back taxes or lien subordinationwith the Internal Revenue Service.
What is the difference between a profit and non profit business?
A profit business is basically for the rewards in return and non profit is to service the economy no matter what the case my be. Definition: Profits represents rewards for businesspeople who take the risks involved in blending people, technology, and information to create and market satisfying goods and services. An a non-profit businesslike establishment that have primary objectives other than returning profits to their owners. Example: U.S. Postal Service, the American heart association.
The judgment given by the jury?
It is called the verdict. In a criminal case it will be Guilty or Not Guilty. In a civil case it will be Liable or Not Liable.
What causes the service 4wheel drive light to come on?
you could have a leaky or damaged transfer case.
What does Service 4wd mean on a 2004 Chevrolet Avalanche?
It means that it is time to service your transfer case. This should be done every 50,000 miles
I recently received a civil case judgment which the defendant was found personally liable not his business?
If the defendant was found personally liable, you may not receive much from this judgment. A judgment just says the money is owed, it doesn't provide the remedy for paying it.
Do catering services have insurance in case of food poisoning?
Catering services need business insurance and liability insurance. The latter covers you in the event that someone sues you in case you are liable for harm to their person or property.
How is small business internet service different from regular internet service?
Small business internet service often times also includes a website for the small business. This is generally not the case for residential internet access. There may also be limitations on how much data the small business can have on its website.
How do you know if your transfer case is bad?
Noises from transfer case
How do you transfer your Virginia unemployment to Ohio?
Virginia is the only state, in your case, that is liable for benefits to you. However, if you contact your local Ohio's state employment security office, or its equivalent, they can assist in getting you your benefits.
How do you remove the transfer case from the transmission in a 1996 Chevy blazer 4x4?
Remove all wires attached to the transfer case. Remove the driveshafts. Drain the fluid out of the transfer case. Place a transmission jack under the transfer case. Unbolt the transfer case from the transmission. Unbolt the crossmember the transfer case rests on.
Can i file case against a private school?
If your case is liable enough, then yes
How do you replace transfer case on 2005 silverado?
Remove the transfer case shield, if equipped.Drain the transfer case of fluid.Remove the front propeller shaft.Remove the rear propeller shaft.Remove the transmission shift control cable clip from the transfer case.Remove the transmission vent hose clip from the bracket, if equipped.Disconnect the speed sensor electrical connector. Disconnect the inline to engine harness electrical connector. Remove the inline connector from the harness bracket.Disconnect the encoder motor electrical connector. Remove the clips from the transfer case brackets.Disconnect the transfer case vent hose.Support the transmission with a suitable transmission jack stand.Remove the transmission mount nuts.Remove the crossmember bolts.Remove the crossmember.Remove the transmission mount boltsRemove the transmission mount from the adapter.Support the transfer case with a suitable jack stand.Remove the transfer case adapter nuts.Remove the harness bracket. Important: The following service procedure must be performed with the assistance from another technician.Remove the transfer case, perform the following:Slide the transfer case straight back toward the rear of the vehicle.Rotate the transfer case so that the front output shaft is above the torsion bar bracket.Rotate the transfer case (with the input shaft slightly lowered) so that the transfer case is parallel to the torsion bar bracket.Lower the transfer case.
How does merchandising businesses differ from service businesses when it comes to accounting?
A merchandising business sells products to customers, whereas a service business provides or sells services to customers. For example: A beauty salon is considered a service business because you are providing a service to the customers. in the case of a beauty salon, the service could be cutting hair, doing someones eyebrows, etc. A sports store such as Sports Mart is considered a merchandising business because you are selling products to customers. in this case the products could be shoes, hockey sticks, etc. Merchandising business has inventory.
