Naming of product
This query is : Resolved
ANWITA KANNAN
(Querist)
02 July 2017
i am an importer of chemicals and do trading activities. There are certain chemicals which has poor shelf life. So our principal recommends us to bring seperately the products ( for example 4 products) and mix in india and deliver to the customer.
As we are in GST system my question is as follows.
1) Can i use a new name x and do trading activities.
2) While invoicing to the customer can i use the x name or i should use the 4 products name.
3) My mentioning the 4 products name my formulation is exposed.
please clarify
As we are in GST system my question is as follows.
1) Can i use a new name x and do trading activities.
2) While invoicing to the customer can i use the x name or i should use the 4 products name.
3) My mentioning the 4 products name my formulation is exposed.
please clarify
Amol S Joglekar
(Expert)
02 July 2017
how do you sell? 4 products independently or as a MIX?
ANWITA KANNAN
(Querist)
03 July 2017
we mix and give a new name
Amol S Joglekar
(Expert)
03 July 2017
when you mix by yourself, it will become "manufacturing/ production" activity.
you can use the product name (as given by you....say X) in the invoice. (So your formula remains undisclosed)
you can use the product name (as given by you....say X) in the invoice. (So your formula remains undisclosed)
ANWITA KANNAN
(Querist)
03 July 2017
if i use a new name x i have no purchase on the new name x ( as the product is a mixture of 4 products) and if i use the 4 products name in the invoice i am exposing my formula. please clarify
Amol S Joglekar
(Expert)
03 July 2017
Should I ask you one question so as to clarify your doubt?
Manufacturer like say Maruti Suzuki ltd.....A maruti has more than 250 parts to produce one maruti vehicle..... and yet they have no purchase in the name of Maruti vehicle.......still they get ITC...How?
Manufacturer like say Maruti Suzuki ltd.....A maruti has more than 250 parts to produce one maruti vehicle..... and yet they have no purchase in the name of Maruti vehicle.......still they get ITC...How?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- Capital Gains Tax on Inherited Mutual Fund
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Form 144 TDS Return Validation Error – Mandatory Fields
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
