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 ?
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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