Nature of business

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

06 January 2015 My friend is having printing work
He doesn't have his own printing press, he just take the order from his clients, buy the material (like visiting card, paper etc) from the market and give the material & provide designing to printing press. Take the printed material from the printing press and handover after packaging to his client. He also provide gift items (diaries after printing on the same as per client requirement) & stationary in bulk to his clients.
Whether his work will be categorized under contractors/ job work
or
Printing related work as job work and stationary & gift items as trading business.

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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07 January 2015 It will be taxable under Income From Business and professional within the Section 28.

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2015 Printing Jobwork

Gross receipt from business exceeding Rs. 10 lacs as it is not possible to bifurcate the amount received between material used (like visting cards and papers etc.)and printing services.
Please suggest whether he is required to get Sale Tax/VAT Registration no. or service tax Registration no.

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