one of my client is manufacturer and wholesale distributor of Jeans. He buys materials, steaching, washinig and finishing, is all done by him self. This business is carried on under propreitary firm.
Is VAT applicable to such a firm?
Regards,
Jayesh Mandalia
I hope your friend must have registered with vat dept. if you, I suggest you to get it register because a registered dealer can get input credit on all material purchases locally and there is no harm
CAclubindia
