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Answer Posted / kanhaiya
yes tds is deductible on freight inwards.
it is deductible @2.06%.
| Is This Answer Correct ? | 19 Yes | 7 No |
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AS PER THE AP VALUE ADDED TAX ACT 2005 LEAFLET 14 VIDE ITEM (1)(A) IF AN AGENT SELLS ANY GOODS ON BEHALF OF THE AGRICULTURIST PRINCIPAL HE IS UNDER NO OBLIGATION TO OBTAIN REGISTRATION UNDER THE AP VAT ACT. BUT AFTER ADDITION OF SUB SECTION 10(a) UNDER SECTION 4 WHAT IS THE POSITION OF AGENT WHO SELLS GOODS ON BEHALF OF AGRICULTURIST PRINCIPAL. IS IT NECESSARY FOR HIM TO OBTAIN REGISTRATION UNDER THE APVAT ACT. PLEASE CLARIFY?
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i am a phrma gratuate.currently working in pharma sales for last 2 years. but have no production exp. in future in have a plan to start for a production unit of otc(over the counter) product but not yet specified. now my query is that WHAT ARE THE CRITERIA FOR OPENING A PRODUCTION UNIT?
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