Tax laws applicable
This query is : Resolved
Pankaj Khandelwal
(Querist)
01 March 2013
A Partnership register in Foreign country(A) has two partners- one is a national of that foreign country and another is an LLP register in India(B).
Now B manufactures a product in India and want to sell it to A. What shall be the tax implication?
Regards
Pankaj Khandelwal
Pankaj K. & Associates
Company Secretaries
pankaj.cs@hotmail.com
Now B manufactures a product in India and want to sell it to A. What shall be the tax implication?
Regards
Pankaj Khandelwal
Pankaj K. & Associates
Company Secretaries
pankaj.cs@hotmail.com
Rajnish Singh
(Expert)
04 March 2013
IT WILL BE TREAT AS NORMAL SALE. ONLY NEED TO PRODUCE CSA-4 AT THE TIME OF ASSESSMENT .
WE WILL TAKE EXPORT EXEMPTION ON THE SAME. NEED TO REVERSE INPUT TAX CREDIT IF WE TAKE FROM LOCAL PURCHASE.
PREPARE THE COST SHEET IN PRESCRIBED FORMAT THEIR FOR IT CAN BE PROVE THAT THE SALE IS NOT MADE WITH LESS PRICE.
THANKS
RAJNISH
WE WILL TAKE EXPORT EXEMPTION ON THE SAME. NEED TO REVERSE INPUT TAX CREDIT IF WE TAKE FROM LOCAL PURCHASE.
PREPARE THE COST SHEET IN PRESCRIBED FORMAT THEIR FOR IT CAN BE PROVE THAT THE SALE IS NOT MADE WITH LESS PRICE.
THANKS
RAJNISH
Message likes :
1 times
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
