Hello everyone.
I've got a doubt regarding VAT applicability. Pls help me with this.
Suppose in my company the stock has not been used for a long time . I decide to dispose it by three methods- One, Scrap it. Two, Sell it at a price lower than purchase price. And three, treat it as damage.
My doubt is what will be the VAT applicability in all these cases.?
Thanks in Advance.