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Raw material is taxable and final product is tax free

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 February 2014 RAW MATERIALS IS POLYSTER VISCOSE YARN IT IS BROUGHT IN GUJRAT UNDER 2% CST AND FINAL PRODUCT IS CLOTH AND IT IS VAT FREE
DO THE CLOHT INVOICE WILL BE TAX ABLE
SHOULD THE MONTHLY/QUARTERLY RETURN SHOULD BE SUBITTED
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Vishnu Saboo

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Vishnu Saboo (Expert)
18 February 2014 return should be filed if you obtained permission/withholding turn over.

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