Any type of tax on job works
This query is : Resolved
keshav kumar singh
(Querist)
02 April 2016
A company purchase spare parts/ matterial for buses of Tata Motors and billing is made on the name of TATA MOTORS and they (TATA MOTORS) reimburse TO THE COMPANY after approval of the said item..... is there any type OF TAXES applicable on such job work ?
Thanks & Regards
Thanks & Regards
02 April 2016
Is it sale or service or you are replacing in your service station.
What is the nature of billing
What is the nature of billing
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KAVIRAJA ADDANGADI
(Expert)
02 April 2016
Since spares are purchased directly in the name of principle company name, VAT Is not applicable, you may do job work, you are buying materials for service or replacement, for service charges, Service Tax Applicable if your service income exceed 10 lakhs Treshhold limit.
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