Applicability of vat or service tax
This query is : Resolved
Shubhankitsoni
(Querist)
03 March 2017
Some one is fixing a stone (i.e. Diamond) In gold item. gold item is supplied to him by manufacturer. He purchase storn from market and fix on such gold item and charge the labour charge along with price of stone. Is vat or service tax apply on this .
CA R SEETHARAMAN
(Expert)
03 March 2017
VAT applicable on value of stone. Service tax not applicable. Manufacturer has to pay excise duty on labour charges part of final sale value.
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