Set off retension
This query is : Resolved
09 February 2012
a)Sales promotion items (like hoardings, pamphlets, display items, leaflets etc), Stationery items, are purchased centrally at Maharashtra and then distributed to all branches in India. Whether set off retention will be applicable ?
b) Free Gift items are purchased centrally at Maharashtra and the distributed to all branches in India to be sold along with regular products. Whether set off retention will be applicable ?
c) Consider a situation when the goods are dispatched from Maharashtra to third party for job work in Rajasthan. Whether set off retention will be applicable if goods dispatched comes back to Maharashtra
after 6 months?
b) Free Gift items are purchased centrally at Maharashtra and the distributed to all branches in India to be sold along with regular products. Whether set off retention will be applicable ?
c) Consider a situation when the goods are dispatched from Maharashtra to third party for job work in Rajasthan. Whether set off retention will be applicable if goods dispatched comes back to Maharashtra
after 6 months?
09 February 2012
Dear Siddharth
In all above cases retention is to be calculated U/r 53(3).
In all above cases retention is to be calculated U/r 53(3).
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