Treatment of Vat , Service Tax

[Dharmender Batra]

The company is same having unit I in UP and unit II in Haryana. Both the units are manufacturing units registered with Central Excise. Unit II is purchasing the material and sending it for job work to unit I. what will be the treatment of this transaction in the vat return of both the units, particularly of unit I, in UP. will it be like job work done of any other party or will it be treated as stock transfer in the sales tax return of both the units.

Posts / Replies

[Madhukar N Hiregange]

If you are going to recive the same back then it would be job work. If further manufactured and despatched fromthere then stock transfer.