Friends, we are resaler in normal rice i.e. Tax Free Commodity in Maharashtra, purchased from Rice Mills.
Now, we want to start selling Basmati Rice. Suppose, I purchase the Goods from Mill in Bulk i.e. to say in 50 Kgs packing and re-pack in small qty like 5 kgs.under our brand name.
What will be implications regarding treatment of such sales in MVAT?
Whether it will be treated as Manufacturing or not?
Whether MVAT will be levieable on these sales or not?
Kindly reply.
T & R
KP
CAclubindia
