Hi
Company is involved in the selling of 'reusable packages'. These packages get
manufactured from this company's vendors. Then, these packages will be hired to the company's customers on Daily Hire Charges.
These will be treated as ASSETS and depreciation will be calculated in this company.
My doubts are as below:
1) The VAT rules which are applicable for if we treat them as Capital Goods.
2) Can I treat them as just inputs instead of capital goods (Using concept of Consistency)?
3) Applicability of CST in the case of inter-state sales (I think, No VAT is applicable in this scenario.
If you need any further information, pls let me know.
Thanks for your inputs/time.
Sridevi
CAclubindia
