Q. > Please Help: Applicability of VAT/TCS on sale of used laptop at Residual
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1255 views • Question added Sep 02, 2015 • VAT • By lalit anand , CA , chandigarh


Our is not a computer manufactured company. The comppany provided laptop to its employees for official use. After 3 years company sold this to employee at residual value. Will VAT/TCS applicable on this transaction, when it is sold by employer to employee.

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Rajumar Juneja

14-Sep-2015 , 11:25:25 am

yes vat is applicable on sale of old fixed assets

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