Vat procedures for the following situation

VAT (Legacy) 231 views 2 replies

Antony Raj

Accountant

81 Points Posted on 10 December 2016

Dear Experts:-

Please explain me, vat procedures for the below situation:

We are the Buyer from Bangalore, We have ordered raw material from Kolkatta and we have to send the material to Faridabad directly for JOB WORK from Kolkatta.

The Supplier Will issue the invoice in the name of us, and the material has to be delivered at Faridabad. The Faridabad Party will do the job work and he will issue only the Job Work Invoice, with out any VAT or CST.

Now If the Consignee (Faridabad) wants material for his own purpose, he will issue the "C" Form to us and we have to issue "C" Form to Kolkatta Party (Supplier) and we have to get the E-1 Form to Kolkatta Party (Supplier). but we are sending this material to Faridabad Party for Job Work only and how this will be treated.

Please explain the same.

Thanks in Advance.

Regards

ANTONY RAJ.

Bangalore

Replies (2)

Shubham Gupta

Business Consultants

2077 Points Posted on 10 December 2016

sir,

your question is not coming clear you are saying "If the Consignee (Faridabad) wants material for his own purpose" then you are also saying "but we are sending this material to Faridabad Party for Job Work only".

Antony Raj

Accountant

81 Points Posted on 10 December 2016

The Material is not for his own purpose. This we are sending directly from the supplier to Faridabad Party to do the Job Work for us. The Faridabad Party will do some alteration in the material and he will send the material with the Job Work Invoice.