About of reverse charges
This query is : Resolved
26 December 2013
Dear sir
what is provision of reverse charges on job work from outside and what is exemption of this.
what is provision of reverse charges on job work from outside and what is exemption of this.
26 December 2013
As per my view job work that does not amount to manufacture(except nil duty or exempted goods) and the one which is not covered by Mega exemption notification is taxable under service tax .
Job work is covered under works contract.And it the job worker is a individual,huf,firm an d the service reciver i.e. the principal is a body corporate,then reverse charge mechanism shall come into effect and service tax shall be paid in the ratio 50:50 by both.
As far as exemption is concerned regading job work,certain job works are exempted
like the one in relation to agriculture,printing or textile processing,any process that amounts to manufacture.For detiled information please refer Serial No.30 of Mega Exemption Notification 25/2012 dated 20.06.2013
Job work is covered under works contract.And it the job worker is a individual,huf,firm an d the service reciver i.e. the principal is a body corporate,then reverse charge mechanism shall come into effect and service tax shall be paid in the ratio 50:50 by both.
As far as exemption is concerned regading job work,certain job works are exempted
like the one in relation to agriculture,printing or textile processing,any process that amounts to manufacture.For detiled information please refer Serial No.30 of Mega Exemption Notification 25/2012 dated 20.06.2013
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Average Cost Of High Quality Diamonds
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Banking Related Issue
- TAX AUDIT QUESTION
- Difff in ais receipts and gst turnover
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
