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Applicability of vat on sale of furniture to employees

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Rama Krishna

Dy.Manager Finance

42 Points Posted on 11 November 2011

Dear all

I have a query on VAT issue.

Our company will provide furniture to employees. at the time of leaving the organisation, the company will sell the furniture to the employee. here my query is, "IS IT NECESSORY TO RAISE VAT INVOICE FOR SUCH SALE OF FURNITURE".

please help me out.

regards

ramakrishna

Replies (3)

nand

consultant

28 Points Posted on 11 November 2011

If company in furniture business she has to sell it under invoice, to show it in vat returns else if it is part of the perquisite then invoice does not require.

tobiasschnell haider

Owner

22 Points Posted on 25 November 2011

Originally posted by : nand

If company in furniture business she has to sell it under invoice, to show it in vat returns else if it is part of the perquisite then invoice does not require.

nand is absolutly right. This happen.

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