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Charge vat or not

This query is : Resolved 

18 February 2013 Hello,

Q:We have branch in Guj want to close that branch.in that brach we have some Assets like F&F,Computer,office equipment etc,
We want to sale them,so staff of that branch agree to purchase all the assets,in lieu of their salary.
My Query is that "is it call sale and made a tax invoice,if yes what is rate of vat in Guj.

Thanks and regards,

Manish

25 February 2013 pls it is urgent query


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