Selling of company assets (car)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2012
Dear Sir / Madam
We want to sell our company's car and one of our director is buying it. What is the procedure to follow? Shall we charged VAT & issue invoice etc??? Please advise.
Thanks & Regards
Satish
We want to sell our company's car and one of our director is buying it. What is the procedure to follow? Shall we charged VAT & issue invoice etc??? Please advise.
Thanks & Regards
Satish
CA. Hari Kishan
(Expert)
05 March 2012
Please pass a resolution so that the transcation is taken at arms lengh pricing.. also the company shall be required to collect and pay VAT for the same.
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