Can anybody explain? what's consumeble items?



Can anybody explain? what's consumeble items?..

Answer / abhivirthi tax and industrial

In Hotel we prepare coffee. Form preparation of coffee we use milk, sugar and coffee powder. But we cannot directly mix all these items. We will have to heat the milk then add Instant Coffee Powder and sugar. For heating the milk we use firewood or charcoal or electricity. For preparation of coffee the firewood or charcoal or electricity used is called consumable. The materials will not be transferred to the client on account of sale but without consuming firewood or charcoal the hot coffee could not be prepared.
For Cold Coffee, the Coffee must be placed in the Freezer and the Freezer or Refrigerator consumes Electricity and the Electricity is called consumable in Cold Coffee.

Reply from:

ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT Practitioner and Industrial Consultant
H-63, Palaami Enclave
New Natham Road,
Madurai-625014
Cell: 9994990599,

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Taxation Interview Questions

What are the streamlined sales and use tax agreement?

1 Answers  


service tax

0 Answers   DTDC,


WHAT SHOULD I DO IF TDS IS YET TO BE DEPOSITED BUT PERTAINS TO MAR,09 (LAST FY) THE THING IS THAT ACTULLY BILL WAS RAISED FOR THE M/O MARCH 09 IN MAY09. AS THE BILL PERTAINS TO LAST FY YEAR AND LAST DATE FOR TDS RETURN HAS GONE 15.06.09. WHAT ARE THE SOLUTIONS PLS HELP ME OUT

2 Answers   Chartered Accountant,


land lord raise Rs 107175/- as rent on leased premises plus the service tax @ 10.30/- we deduct tds at the rate of 10% we avail 50% how to pass entries and how much amount do we have to pay

1 Answers  


what is the use of 2a,2b & 2c form in cst

2 Answers   OmniComp,


Wat is U r stength and weekness

2 Answers  


what is FBT?

6 Answers  


Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?

1 Answers  


service tax

3 Answers  


Dear Sir, We are running a security agency. Please suggest us Notification No.:15/2012 service Tax dated 17.03.12 which is effected from 01.07.12 Please suggest how to raise bill on our clients.

3 Answers  


WHAT IS THE DIFFERENCE BETWEEN TAX & TAXES?

3 Answers   Deloitte, Infosys,


how & on which amt tax should be calculate on pvt ltd company or ltd company

0 Answers  


Categories