Vat on flex printing
This query is : Resolved
02 March 2013
A newly incorporated firm is engaged in design & printing of flex hoardings for its clients.The firm purchases the Material.( Its expected annual turnover is around 40 Lac's.)
Works done by firm
a)purchase material,Make design & print Flexboards and hand over them to the clients.
b)Apart from the above also arrange the prepared hoardings at the required site as per client request.
1.Does the firm need to take VAT Registration or service Tax Registration.?
2. What are the Tax rate to be applied on the invoice in respective conditions?
3. How to the record the proceedings
Please help me
Works done by firm
a)purchase material,Make design & print Flexboards and hand over them to the clients.
b)Apart from the above also arrange the prepared hoardings at the required site as per client request.
1.Does the firm need to take VAT Registration or service Tax Registration.?
2. What are the Tax rate to be applied on the invoice in respective conditions?
3. How to the record the proceedings
Please help me
02 March 2013
The firm shall be required to register both under the VAT and service tax laws.
If the value of the material and services is identifiable then you may raise separate invoices for materials sold and charge VAT on this and for service charges billed charge service tax on the same.
Should it not be possible to reasonably value goods and services separately, you would fall under works contract.
If the value of the material and services is identifiable then you may raise separate invoices for materials sold and charge VAT on this and for service charges billed charge service tax on the same.
Should it not be possible to reasonably value goods and services separately, you would fall under works contract.
02 March 2013
thank Sir
Could you please explain in detail how it fall under works contract
Could you please explain in detail how it fall under works contract
16 August 2023
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
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Taxation on LTCG for property sold after 24JUL2024
- GST ON DAMAGED GOODS
- GST Registration Horse racing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
