Set off retension
This query is : Resolved
Ca Siddharth Mehta
(Querist)
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?
CA CS Pawan Jajoo
(Expert)
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).
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- 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
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- 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
