Can anybody explain? what's consumeble items?

Answer Posted / abhivirthi tax and industrial

In Hotel we prepare coffee. For 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       View All Answers


Please Help Members By Posting Answers For Below Questions

which items should be covered the Entry Tax by HP Govt instead of Purchased

1425


Is there any change in the section 80DD for the financial year 2009-10

2186


what diff. between Account ,Commerce and Finance?

1873


what is the proccesor to caculate the firm assement

1582


WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY

1776






Dear Sir, we have purchased Poly Covers ( 360mm x 560mm)for raw material use.This Input vat claim it or not ?

1824


How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?

1536


IF WE ARE WORKING IN PHARMA COMPANY & I SEND THE MEDICINE SAMPLE TO THE SALSMAN IN VARIOUS PLASE OF INDIA THAT TIME MADE INVOICE OR ANY OTHER CHALLN OR RECIEPT WHAT AS PER LAW ANY TAX APPLIED IN THE INVOICE & WHICH FORM WILL BE REQUIRED HOW TO GET IT, PLEASE GIVE ME DETAIL ALL INFORMATION WITH EXAMPLE & WHAT ENTEY OF THIS TRANSATION IN BOOKS OF ACCOUNT

1602


How many heads are there under total income?

847


My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?

1604


While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks

2064


IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

1922


How We know we are liable for Profession Tax liability. I have an optics shop & I want PT Number so what should i do?

1801


what is the circle of tds and its rate chart

4838


how much TDS required in telecommunication services ? Any types of Telecommunication, provider or services receiver

1494