Is He Liable For Set-off/refund etc.
This query is : Resolved
07 April 2010
I am doing a job work on behalf of relaince
i.e packing & processing of milk
for which I require chemical, material & plants
I am registered dealer under MVAT
can I cliam set off on above purchase of fixed assets & other consumable materials.
And I also want to know that should I levy vat on packing job done by me???????
i.e packing & processing of milk
for which I require chemical, material & plants
I am registered dealer under MVAT
can I cliam set off on above purchase of fixed assets & other consumable materials.
And I also want to know that should I levy vat on packing job done by me???????
CA Umesh Sharma
(Expert)
14 April 2010
Dear Sir,
As per ur explanation u are rising Job Work bill. But if Packing Material,Chemical ,etc are purchased by u and transfered to the Party. Than its Works Contract. On which VAT will be leviable. VAT can be levied at actual, percentage or composition method as per rule 58 and section 42. Please update on the this and see whether u are doing job work or works contract? Otherwise for dealer who is principal Job Worker no setoff is available as rule 54(d)of MVAT Rules 2005.
As per ur explanation u are rising Job Work bill. But if Packing Material,Chemical ,etc are purchased by u and transfered to the Party. Than its Works Contract. On which VAT will be leviable. VAT can be levied at actual, percentage or composition method as per rule 58 and section 42. Please update on the this and see whether u are doing job work or works contract? Otherwise for dealer who is principal Job Worker no setoff is available as rule 54(d)of MVAT Rules 2005.
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