we are manufacturer of steel structures, and also take up job work. while billing for job work should we charge excise duty or service tax for conversion of raw materials of client to finished product. please clarify.
we are manufacturer of steel structures, and also take up job work. while billing for job work should we charge excise duty or service tax for conversion of raw materials of client to finished product. please clarify.
if the job work done by you amounts to manufacture , then ED payable on goods value + job work
if the job done by your does not qualify above, then Service tax applicable on job work amount only.
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
CAclubindia
