Please guide me for Supplier stage (1st, 2nd, 3rd & 4th stage) regarding form 23 & 24 in Punjab Vat.
We are manufacturer & supply our products (conveyor belts)to machinery manufacturer & other food, etc. manufacturers who install our products on their machine. So what is the our stage.
We purchase raw materials from manufacturers, traders & hardware shops. So what is the stage of our suppliers.
09 May 2010
If you are a manufacturer you will be selling the manufactured goods at first stage. Similarly if you are importing goods from outside the state of Punjab your stage in punjab will be first.
The stage of your suppliers will depend upon whether they are manufacturers or importers of goods from outside state of Punjab , If it is so then their stage will be first.
If your suppliers are making local purchases then their stage of sale will depend upon the stage of their suppliers from whom they are purchasing.
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