Any type of tax on job works
This query is : Resolved
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
Message likes :
1 times
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.
Message likes :
1 times
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- 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
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
