Used Laptop/Mobiles sales to employee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2010
Sir,
We have a manufacturing plant in Gujarat. Company has provided laptop & mobile to the Managers. Now one of the Manager is retiring & wants to buy the laptop & mobile(which he was using)at depriciated value. I want to know whether this transaction will attract VAT. If yes, how much?
We have a manufacturing plant in Gujarat. Company has provided laptop & mobile to the Managers. Now one of the Manager is retiring & wants to buy the laptop & mobile(which he was using)at depriciated value. I want to know whether this transaction will attract VAT. If yes, how much?
K Bala Kishan
(Expert)
19 August 2010
This attracts VAT @ 5% in gujarat.
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