Supply of goods/service, HSN code ?
This query is : Open
28 May 2020
Hello all...!!
I am a sole proprietor, engaged in manufacturing - Kitchen Trolly (main product), other products- TV units, wardrobes, beds and other wooden home furniture as per customer's requirements (contract is = material + labour), I am confused as to will it qualify as supply as a service (works contract or job work) or will it qualify as supply of goods?
Also I am not able to find the right HSN code for my business products from the HSN code list. How shall I proceed.
Please Guide.
I am a sole proprietor, engaged in manufacturing - Kitchen Trolly (main product), other products- TV units, wardrobes, beds and other wooden home furniture as per customer's requirements (contract is = material + labour), I am confused as to will it qualify as supply as a service (works contract or job work) or will it qualify as supply of goods?
Also I am not able to find the right HSN code for my business products from the HSN code list. How shall I proceed.
Please Guide.
28 May 2020
It will fall under supply of goods.
HSN 9403 Other furniture .
HSN 9403 Other furniture .
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29 May 2020
Thank you so much sir for your reply...!!
Also in (relation to Income Tax part), will I be eligible to file my business income under section 44AD??
As Interior decoration activities are specifically stated in 44ADA, but the only difference here being that I am not providing any designing service(professional service) as such, as stated above it only includes supply of goods (which are used for home decoration) which also includes my purchase material labour component cost in it.
Also in (relation to Income Tax part), will I be eligible to file my business income under section 44AD??
As Interior decoration activities are specifically stated in 44ADA, but the only difference here being that I am not providing any designing service(professional service) as such, as stated above it only includes supply of goods (which are used for home decoration) which also includes my purchase material labour component cost in it.
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