If a company sale unstiched suit and dupatta dvat not applicable.
But after purchase of fabric company send it in delhi for Dye and some job work like embroidery, designing etc whether vat is applicable or not?
plz clerify soon
.
CA Manish Mishra (Qualified Chartered accountant) (507 Points)
11 September 2012If a company sale unstiched suit and dupatta dvat not applicable.
But after purchase of fabric company send it in delhi for Dye and some job work like embroidery, designing etc whether vat is applicable or not?
plz clerify soon
.
Ravi kumar V
(C A Final student)
(47 Points)
Replied 11 September 2012
Manish be clear theat on each and every sale of goods (Wheter finished or unfinished) VAT is applicable.
Sale for a concern represents finished goods for the selling company and the for the receipient its raw material.
Therefore VAT is applicable for all part of sale.
CA Manish Mishra
(Qualified Chartered accountant)
(507 Points)
Replied 12 September 2012
CA Manish Mishra
(Qualified Chartered accountant)
(507 Points)
Replied 14 September 2012
common can anybody tell me if i buy plain fabric and do some dye and job work and sale it. Am i need to charge vat or not under DVAT? Without stitching .............
please reply some one
CAclubindia
