Tax laws applicable
This query is : Resolved
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
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- SFT Cash Deposit in Current Account
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
