Raw material is taxable and final product is tax free
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2014
RAW MATERIALS IS POLYSTER VISCOSE YARN IT IS BROUGHT IN GUJRAT UNDER 2% CST AND FINAL PRODUCT IS CLOTH AND IT IS VAT FREE
DO THE CLOHT INVOICE WILL BE TAX ABLE
SHOULD THE MONTHLY/QUARTERLY RETURN SHOULD BE SUBITTED
DO THE CLOHT INVOICE WILL BE TAX ABLE
SHOULD THE MONTHLY/QUARTERLY RETURN SHOULD BE SUBITTED
Vishnu Saboo
(Expert)
18 February 2014
return should be filed if you obtained permission/withholding turn over.
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