17 August 2016
Hi Friends I have a small query, Kindly help me.
A Ltd. is manufacturing goods and clearing the final goods to B Ltd (Located outside area based exemption area) by availing area based exemption by discharging VAT/CST. Can B Ltd send the goods to A Ltd for job work purpose? Can B LTD still claim area based exemption as the process amount to manufacture? What is the documentation that B Ltd is required to maintain to effect the transaction?.
24 August 2016
A Ltd. is located in the area based exemption but B Ltd. is liable to pay tax if they are sending the goods for job work in the exempted area.
CAclubindia
