Vat liability
This query is : Resolved
11 January 2012
dear sir,
M/s xyz is a propitiatory firm having two business.
first one is cosmetic manufacturing and other is Beauty Parlor.
query :
xyz transfers to his cosmetic products to beauty parlor for consumption basis.
whether M/s xyz is liable for vat or not.
M/s xyz is a propitiatory firm having two business.
first one is cosmetic manufacturing and other is Beauty Parlor.
query :
xyz transfers to his cosmetic products to beauty parlor for consumption basis.
whether M/s xyz is liable for vat or not.
Anwar Khan
(Expert)
12 January 2012
yes xyz has laible to pay vat .bcz
1. if xyz transfers cosmetics product to our beauty parlour as branch its reduced to input vat
2. if m/s xyz and its beauty parlour has different tin.no.that is not transferred its sales so m/s xyz laible to pay vat
1. if xyz transfers cosmetics product to our beauty parlour as branch its reduced to input vat
2. if m/s xyz and its beauty parlour has different tin.no.that is not transferred its sales so m/s xyz laible to pay vat
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