02 June 2016
There are 2 co. x and Y, X gives Hazardous goods to Y and Y convert that Hazardous good to Normal and sells to Other party now Y receives money from X for receiving Hazardous goods now Y wants to issue invoice to X What are the duties and taxes applicable?.
02 June 2016
in my opinion its handling/collecting charges of waste for business axi services under service tax, if receipts exceeds Rs. 10 lacs then charges service tax on the invoice value @ 15% service tax will apply.
CAclubindia
