i am living in chennai. I have been in the field of manufacturing spares for automobiles since 1990.Due to procurement and credit issues, sustenance is becoming a problem.Better late than never, now thinking of moving over to lesser investment, service related business.Require suggestions or advice.
We are manufacturer of M.S. Angle.Party has supplied Billets for converting to Angles on job work . We have taken MODVAT and proportionately passing MODVAT in Job work BIll. Is there any MVAT is applicable on job work or any service tax applicable on job work Bill. The Bill of Billet is payable by Party we are only consignee so taken Modvat only.
what is the minimum investment required or is there any sik unit in chennai or any industrial area to buy/lease the units?