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What documentation is required to support the sales and services of electrical items for tax audit?

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Doc. Required for Sales and services

 

Doc. required for Sales and services Sure, here are the documentations required to support the sales and services of electrical items in India:

1. BIS Registration:

The Bureau of Indian Standards (BIS) is a statutory body under the Ministry of Consumer Affairs, Food and Public Distribution, Government of India.

BIS registration is mandatory for certain electrical items, such as fans, lights, switches, and sockets.

The registration process involves submitting product samples for testing and certification by BIS-approved laboratories.

2. Self-Declaration and Conformity:

Under the CRS (Common Registration Scheme) of BIS, manufacturers and importers of electrical items can self-declare that their products comply with BIS standards.

This self-declaration must be accompanied by a conformity assessment report from a third-party testing laboratory.

3. Name and Address Proof:

The name and address proof of the business entity must be submitted to BIS. This can be a copy of the business registration certificate, or a utility bill.

4. Scope of Business:

The scope of business must be clearly deDoc require for Sales and services fined in the BIS registration application. This includes the types of electrical items that will be sold or serviced.

5. Acknowledgement of the Received Product from the Portal:

Once the BIS registration application is submit, the applicant will receive an acknowledgement from the portal.

This acknowledgement must be submit along with the other required documentation.

6. Details of the Documents through the Authorize Signatory:

The details of the documents must be submit through an authorize signatory.

This can be a director of the company, or a person who has been authorize to sign on behalf of the company.

7. Testing of the BIS Samples:

BIS may randomly select samples of electrical items for testing. If the samples do not comply with BIS standards, the manufacturer or importer may be liable for penalties.

8. Detailed Model of the Covered Products:

The detailed model of the cover products must be submit to BIS. This includes the product name, model number, and technical specifications.

To visit: https://www.incometax.gov.in

Doc. required for Sales and services Sure

 

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