kindly enlighten whether the franchisee is entitled to the basic exemption limit , when he gets raw material from franchisor and manufactures at his restaurant with more inputs. pl. give notification no,. if any.
Menu
Franchisee
Replies (1)
There is no specific bar for franchisee services for claiming exemption of Rs.10 Lakhs turnover; you may refer to the notification no.33/2012-ST dated 20 June 2012.
You may also analyse the exception clause for branded goods. Further, your activity may also amount to manufacture.
I would request to take a conscious call based on the exact nature of service provided by you.
Recent Topics :
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
Related Topics :
CAclubindia
