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Tax laws applicable

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(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
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Rajnish Singh

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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
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