One of my clients is the wholesaler of silver coins.They follow the following process.
· Buy Raw silver · Manufacture silver coins · Get special box prepared with special effect of printing
Cost of Special box is more than the value of silver coin.
If they sell only silver coin they will self for 200 Rs but they sell with box they sell for 450 Rs. When they sell the silver coin with box should they charge VAT @1%?
CAclubindia
