Vat apllicability

Varun Bhat (Student CA IPC / IPCC) (151 Points)

10 March 2014  

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.