Hello,
We are a pvt ltd co. in mumbai. We are into online retailing of T shirts. We will be launching in october. Our Company is incorporated and the certificate for the same has been issued. We outsource the entire process of manufacturing t-shirts. There are steps involved in the manufacturing process.
STEP 1 We out source manufacturing of knitted fabric only in tirrupur. The manufacturer makes the fabric and would be sending us. He says he needs my TIN No./ Vat to raise the invoice and send the fabric to mumbai.
Step 2 Fabric manufactured in tirupur is given to another person who dyes the fabric in Vashi
Step3 The dyed fabric is bought to a suburb in mumbai from vashi where the tailoring takes place and the printing takes place to make a finished product.
Step 4 in this step finished products are ready to be sold through online channel mainly internet.
Query: Do i need a vat/cst no? Can i apply for TAN and deduct TDS in step1,2 and 3.
is it nessecary to apply for vat? or a simple TAN/TIN number would do? Will i be able to bill my customers mrp + tax in what form? Please advice on this. As the manufacturer of the fabric says without TIN/ Vat he cannot dispatch. Hence i need to resolve this as soon as possible.
regards.
Ashwin Palkar
CAclubindia
