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Sale of Business Asset to an employee

Will sale of a business asset to an employee at a high discounted price be considered a taxable supply? If yes, Is a tax invoice required to be raised?

SAJITH NAIR31/05/2021 10:17:00

Yes, it would be a taxable supply and Tax invoice is required to be raised charging VAT.

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Ujjwal Pawra07/06/2021 00:49:21

Yes, it is a taxable supply and Tax Invoice is to be issued

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Karan Mutneja09/06/2021 19:47:24

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