CA, CMA (Service) (239 Points)
17 June 2011We have purchased a material from two parties. They transported the material in a single vehicle of a local transport to us. Total amount is Rs 1470/-. As per N/N 34/2004 upto Rs 1500/- we doesn't have to pay Stx on more than one consignments. Is this consignment be defined as Individual or not ?
Please help?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 17 June 2011
as the single vehicle is exempted but two consignors make it doubtful so prepare two seperate vouchers of below 750 to avail exemption .
CAclubindia
