Vat on sales of office fixed assets

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This query is : Resolved

CA KISHOR GEHLOT (Querist)

25 October 2012 In my office we have three computer as part of Fixed Assets now i had sale one computer form out of three.
My Question id
1) Vat is Applicable ?
2) If Yes then why ?

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)

26 October 2012 In West Bengal every dealer is liable to pay Vat on sale of goods. Computer being goods under the WBVAT Act, the dealer is liable to pay VAT.

Prakash Kochar

Prakash Kochar (Expert)

27 October 2012 If you are not dealer as per definition, you are not obligation to hold RC/TIN. Charging sect. for liability to hold RC is applicable to dealer only.
sale by you will not attract VAT.

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)

31 October 2012 Further to add, a dealer is defined under the WBVAT Act as a person who is engaged in the business of sale and purchase of goods. The facts of your query do not state the business you are engaged in. Hence if you are in the business of sale and purchase of goods, Vat should be applicable on sale of computers.

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