Interested to Buy Any Domain ? << Click Here >> for more details...
"A" is a Registered Dealer of Maharastra State,
"B" is a Registered Dealer of Gujrat state and agent of "A",
"C" is a Registered Dealer of Gujrat State.
"C" ordered "A" to sand goods of certain specification. "A"
in his term issues good to "B" to make such goods in the
specification desired by "C"."C" sands such goods to "A".
"A" raises invoices to "C".
Which type of Sale transactions occured in the situation.
- 2 Answers
- 6017 Views
- Alfa Laval, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / hamsa
As far as my knowledge concern,
'A' sold to 'C' goods with specifications and in this process 'A' gave sub contract to 'B' for customization of goods as specified by 'C'. 'A' raised the bill against 'C'.
That means this is a ' interstate sales ' between A (Maharashtra) and C (Gujarat) and hence CST will be applicable on this transaction.
With respect to the subcontract between A and B that is a Works contract tax will be applicable.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / h.r. sreepada bhagi
Question is confusing - C has ordered the goods, how can he
send goods to A & A can send invoice to C. Any how let me
explain.
As you have mentioned, B has manufactured the goods as an
agent. Since the inputs (As I understand from your question)
are sent by A to B (It's an interstate stock transfer of
Input materials), B is doing jobwork for B and he does not
become the owner of the goods manufactured by him. Here
since A is the owner, he needs to raise the sales invoice on
C and and since A & C are in different states, it is an
Interstate transaction and CST should be charged. For the
sake of convenience & savings in money, goods can be sent
directly from B to C with appropriate documents.
There will be no sale transaction between A & C or B & C.
In the absence of clarity in the question, giving the
correct answer is also difficult.
| Is This Answer Correct ? | 0 Yes | 0 No |
how to make entry vat computation/vat payable refundable in tally 9?
i received commission with deduction of tds how to take entry in my books. commission Rs.90000 Tds.10000
Hi, Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.
what is the amount of t.d.s if one get 4000/- monthly from a company on behalf of consultancy charges.
i will get the tax exemption when my company offers medical premium that i will produce medical bills. plz clarify any one.
if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?
What is Service Tax Rate & who exempt Service Tax Rate
what are capital gains,explaine briefly.
what is the proccesor to caculate the firm assement
what r the deductions from salary ?
what is reverse credit & how it is calculated in vat law in west bengal?
WHAT IS MEANING OF CENVAT CREDIT & CENVAT AVAIL
Audit 
