I required the expert opinion in respect of the following.
We are providing the service of the Interior Decorator. We also provide the material along with the services. We are doing the business in Gujarat & Rajasthan. My queries are:
1)Which turnover will be applicable for the tax audit whether 15 Lacs or 60 Lacs.
2)Vat is applicable on the materials which we provide in some cases. We are doing most of our business in the Gujarat. However, sometimes we provide the service in the Rajasthan also. In such case we provide the material which we purchase from the Rajastjan. How shoud I have to treat such transaction for VAT purpose. Pleas provide any suitabl way to simplify the VAT procedure.
09 January 2012
1. Turnover for tax audit purpose is Rs.60 Lacs
2. VAT is a state subject and is being audited and assessed by each state differently. A dealer has to comply with the VAT rules and regulation of each state separately where ever he is doing business.
For income tax purpose, a consolidated result will be taken.
09 January 2012
1. Turnover for tax audit purpose is Rs.60 Lacs
2. VAT is a state subject and is being audited and assessed by each state differently. A dealer has to comply with the VAT rules and regulation of each state separately where ever he is doing business.
For income tax purpose, a consolidated result will be taken.
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