JAISON JACOB . K (Sr.Audit Manager ) (167 Points)
23 December 2009The assessee is having branches all over India and an authorised dealer in gold , it has entered into an agreement with manufacturer for turning gold into shape of coin in kerala.
pls give the details for VAT implication on Job work delivered to different places in Kerala ,
pls give sources to refer also
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 24 December 2009
Only conceptual advise can be provided by me- VAT is applicable only when there is a transfer of property in goods. In pure job work no material is added ot the material suppied by the cuspotmer. In your case that appears to be the case. If so no need to pay any VAT by the job worker. The sender of the gold may provide documentation which is clear on this aspect.
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 25 December 2009
I agree with Mr.Madhukar' view.
himanshu
(MBA)
(22 Points)
Replied 13 January 2015
himanshu
(MBA)
(22 Points)
Replied 13 January 2015
CAclubindia
