Excise or service tax on gauge devlopment
This query is : Resolved
Vipin Kumar Sharma
(Querist)
22 July 2014
DEAR SIR
WE ARE PVT LTD CO. & MANUFACTURING A PRODUCT (FLANGE) FOR OUR CUSTOMER. WE HAVE DEVLOPED GAUGE FOR THIS ITEM. PARTY HAS RAISED A P.O. FOR GAUGES DEVELOPMENT & CHARGED SERVICE TAX IN THEIR P.O. BUT WE HAVE PURCHASE MATERIAL FOR DEVELOPMENT OF THIS GAUGE. PLEASE TELL WHAT WILL BE CHARGED EXCISE OR SERVICE TAX AT THE TIME OF INVOICING.
GAUGES WILL BE PROPERTY OF PARTY.
THANKS & REGARDS
WE ARE PVT LTD CO. & MANUFACTURING A PRODUCT (FLANGE) FOR OUR CUSTOMER. WE HAVE DEVLOPED GAUGE FOR THIS ITEM. PARTY HAS RAISED A P.O. FOR GAUGES DEVELOPMENT & CHARGED SERVICE TAX IN THEIR P.O. BUT WE HAVE PURCHASE MATERIAL FOR DEVELOPMENT OF THIS GAUGE. PLEASE TELL WHAT WILL BE CHARGED EXCISE OR SERVICE TAX AT THE TIME OF INVOICING.
GAUGES WILL BE PROPERTY OF PARTY.
THANKS & REGARDS
Arun Kumar Singh
(Expert)
23 July 2014
If process amounts to manufacture or production of goods then service tax is exempt.
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