DEAR HELPDESK,
ONE OF MY CLIENT IS RUNNING A TRADING FIRM AS A PROPRIETOR IN IRON & STEEL INDUSTRY. NOW HE WANTS TO PURCHASE A LOADING-UNLOADING CRANE (MOVABLE MACHINERY) FOR HIS USE AS WELL AS OTHER SOURCE OF INCOME. SO BASICALLY WHAT WOULD BE THE TAX FORMALITIES FOR THE RESPECTIVE SOURCE OF INCOME ? ALSO PLEASE LET ME KNOW THAT IS HE ELIGIBLE FOR GENERATING INVOICES OR ANY OF THE TAX COLLECTION OR TAX PAYER... QUESTION RELATES TO GOODS AND SERVICE TAX.
PLEASE LET ME KNOW AS SOON AS POSSIBLE ON THIS SERIOUS ISSUE.
THANKING YOU,
LOVENDEEP SHARMA
CAclubindia
