Vat payment

This query is : Resolved

poonam (Querist)
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14 November 2016 We have LLP firm, Event Mangement Company in last year only incorporated, Rs 500000 lacs loss

We have 4 computers & 3 laptops, firm is going to dissolve, i want sale my compuetrs & Laptop in cash.

We dont have VAT Tin No. What to do now. for Single transaction we have take VAT No.

Shudhanshu Agrawal

Shudhanshu Agrawal (Expert)
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14 November 2016 There is no need for you take VAT no. You can easily sell your assets. However, VAT will be paid by the registered dealer from his own pocket for the purchase of assets from an unregistered dealer.