Applicability of excise duty on works contracts
This query is : Resolved
CA SINCY SAJI
(Querist)
26 April 2016
Whether excise duty is applicable to Works contractors if their turnover (Material portion) exceeds Rs.1.5 crores?
CA R SEETHARAMAN
(Expert)
26 April 2016
No excise duty payable on works contract unless it is a manufacturing activity. Only service tax applicable on works contract.
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Rupesh Jain
(Expert)
29 April 2016
work contract is not liable to excise duty, its service tax as tell by mr seetharaman.
if you are mfg. goods then you have to take excise number and pay exise.
if you are mfg. goods then you have to take excise number and pay exise.
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