03-04-2009, 05:51 PM
Dear Expert,
I am an employee of a reputed Electrical Engineering Company with both manufacturing and services facilities. Our company works on JOB ORDER basis where an enquiry arise alongwith detail tender documents and we submit our competitive quotation to customer. The problem is that some times client mention (in its tender documents) that prices are inclusive of all taxes and duties and prices to be filled in rate basis. In response to above we load sales tax and SED above the final quotation prices and submit this to customer.
a) What is the treatment of sales tax on our part and how can we claim the amount we paid to our suppliers as Customer does not provide us sales tax invoices?
b) What is the treatment of Sales tax on Customer part because he is purchasing goods from us and he is bound to pay sales tax?
Please remove my confusion.
Thanks and Lots of Regards.
@d!l
I am an employee of a reputed Electrical Engineering Company with both manufacturing and services facilities. Our company works on JOB ORDER basis where an enquiry arise alongwith detail tender documents and we submit our competitive quotation to customer. The problem is that some times client mention (in its tender documents) that prices are inclusive of all taxes and duties and prices to be filled in rate basis. In response to above we load sales tax and SED above the final quotation prices and submit this to customer.
a) What is the treatment of sales tax on our part and how can we claim the amount we paid to our suppliers as Customer does not provide us sales tax invoices?
b) What is the treatment of Sales tax on Customer part because he is purchasing goods from us and he is bound to pay sales tax?
Please remove my confusion.
Thanks and Lots of Regards.
@d!l
