Vat on flex printing
This query is : Resolved
02 March 2013
A newly incorporated firm is engaged in design & printing of flex hoardings for its clients.The firm purchases the Material.( Its expected annual turnover is around 40 Lac's.)
Works done by firm
a)purchase material,Make design & print Flexboards and hand over them to the clients.
b)Apart from the above also arrange the prepared hoardings at the required site as per client request.
1.Does the firm need to take VAT Registration or service Tax Registration.?
2. What are the Tax rate to be applied on the invoice in respective conditions?
3. How to the record the proceedings
Please help me
Works done by firm
a)purchase material,Make design & print Flexboards and hand over them to the clients.
b)Apart from the above also arrange the prepared hoardings at the required site as per client request.
1.Does the firm need to take VAT Registration or service Tax Registration.?
2. What are the Tax rate to be applied on the invoice in respective conditions?
3. How to the record the proceedings
Please help me
02 March 2013
The firm shall be required to register both under the VAT and service tax laws.
If the value of the material and services is identifiable then you may raise separate invoices for materials sold and charge VAT on this and for service charges billed charge service tax on the same.
Should it not be possible to reasonably value goods and services separately, you would fall under works contract.
If the value of the material and services is identifiable then you may raise separate invoices for materials sold and charge VAT on this and for service charges billed charge service tax on the same.
Should it not be possible to reasonably value goods and services separately, you would fall under works contract.
02 March 2013
thank Sir
Could you please explain in detail how it fall under works contract
Could you please explain in detail how it fall under works contract
16 August 2023
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
