Vat applicability - manufacturer and wholesaler distributor
This query is : Resolved
25 October 2013
one of my client is manufacturer and wholesale distributor of Jeans. He buys materials, steaching, washinig and finishing, is all done by him self. This business is carried on under propreitary firm.
Is VAT applicable to such a firm?
Regards,
Jayesh Mandalia
Is VAT applicable to such a firm?
Regards,
Jayesh Mandalia
28 October 2013
VAT is definately applicable. Since after the processing of textile, the final product is a Readymade garment and it is VAT Taxable.
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