Nature of business
This query is : Resolved
02 February 2017
Dear sir,
I am going to open company whose activities are
1.Purchases of raw material
2.Raw Material give to another Manufacturer for making finished goods and return .
3.Now Again we sale this finished goods .
Kindly help me ,
1. Can i get TIN no as a Whole sale Trade or Retail Trade or Works Contractor or any other
2.Can i do these activities as a trader.
Regards,
Akash
I am going to open company whose activities are
1.Purchases of raw material
2.Raw Material give to another Manufacturer for making finished goods and return .
3.Now Again we sale this finished goods .
Kindly help me ,
1. Can i get TIN no as a Whole sale Trade or Retail Trade or Works Contractor or any other
2.Can i do these activities as a trader.
Regards,
Akash
02 February 2017
You can't do the activities as trader. You will fall under manufacturer hence excise duty and vat applicable to you. The manufacturer who manufactures the goods will be treated as job worker.
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