WE ARE DOING TEXTILE PRINTING IN CHITHODE, ERODE DT. HOW CAN
WE PUT THE VAT RATE FOR JOB WORK INVOICE (50% ON JOB WORK
VALUE OR 70% OF JOB WORK VALUE)? kINDLY CLARIFY US PLS SIR.
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Answer / Ashok Chandra
The procedure to put the VAT rate for a Job Work Invoice depends on the tax laws and regulations in your region. For a 50% VAT rate on the job work value, you can set up the tax category with the appropriate VAT percentage. Similarly, for a 70% of job work value, you can adjust the VAT calculation accordingly.
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WE ARE DOING TEXTILE PRINTING IN CHITHODE, ERODE DT. HOW CAN WE PUT THE VAT RATE FOR JOB WORK INVOICE (50% ON JOB WORK VALUE OR 70% OF JOB WORK VALUE)? kINDLY CLARIFY US PLS SIR.
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