Taxes on electric items
Prince (ACCOUNTANT) (126 Points)
29 December 2016
Prince
(ACCOUNTANT)
(126 Points)
Replied 29 December 2016
Yes sir,
I am register under value added tax.but i am not dealing with electric items first time i am going to submit only one inoice related to electric items.
Bablu Kumar Jha
(Accounts Manager)
(266 Points)
Replied 29 December 2016
Dear Prince,
If you are registered in DVAT, and now ownwards you will be dealing with electrical items then you should amend your registration with apropriate items that you will be trade, afther that you could sale that product & aplicable VAT theron.
Thanks.
CS L. KARTHIKEYAN
(CA, CS)
(62 Points)
Replied 30 December 2016
In your registration itself, the list of items dealing with were mentioned. Hence, the Electrical items were scrap, then you can submit your invoice as a items was scrap other wise you go for amend your registration.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)