Trading sales in a Manufacturing Company
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2010
Is it possible to make trading sales in a manufacturing company engaged manufacturing Steel Rolling Mill equipment. The Company has an Excise registration but intends to effect trading sales in raw materials without excise(VAT Applicable) .i.e dealing as a middle man.Is it necessary to take a new vat registration for this type of sales? Is excise Notification required?
20 January 2010
A manufacturing company can do trading business also. but for that you have to check that at the time of taking registration the dealer has also mentioned regarding the trading business.
In my view no excise will be leviable as this will not amount to manufacture.
Regards
In my view no excise will be leviable as this will not amount to manufacture.
Regards
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2010
but the case of dealing in raw material has just come in recent time
Could U Pls specify
Could U Pls specify
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