VAT on Labour Job?
This query is : Resolved
15 May 2009
I would like to put forward my query to the experts here...
Before that a little breif about the nature of work.
We are Iron & Steel Forging firm, where basically Iron Ingots (purchased & provided by the principals) are hammered and given the desired shape on job work/conversion. Here it is to be remembered that we are not adding any material to the product, we are just processing it. And forging is one of the processes in the manufacture of the final output.
My query is whether we are liable or get covered under VAT Act?
Thanks in anticipation for the replies!
Before that a little breif about the nature of work.
We are Iron & Steel Forging firm, where basically Iron Ingots (purchased & provided by the principals) are hammered and given the desired shape on job work/conversion. Here it is to be remembered that we are not adding any material to the product, we are just processing it. And forging is one of the processes in the manufacture of the final output.
My query is whether we are liable or get covered under VAT Act?
Thanks in anticipation for the replies!
16 May 2009
Registration is mandatory only when
1.Your Turnover of sales exceeds 5,00,00/-.
and
2,Your turnover of sales or purchase of taxable goods exceeds 10,000/-.
I may add another point getting registered will not make you liable to pay VAT on your business activity i.e Job-Work.
1.Your Turnover of sales exceeds 5,00,00/-.
and
2,Your turnover of sales or purchase of taxable goods exceeds 10,000/-.
I may add another point getting registered will not make you liable to pay VAT on your business activity i.e Job-Work.
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
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- ITR-3 File/Error Found
- ASMT-10 received from A O
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Average Cost Of High Quality Diamonds
- Due Date Clarity
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
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
