Job work for exampted good
This query is : Resolved
SANJAY PARSAD
(Querist)
24 February 2014
I REQUEST TO THE EXPERTS FOR THEIR VALUABLE OPENION FOR THE FOLLOWING AS EARLY AS POSSIBLE.
WE ARE EXCISABLE UNIT, CAN WE DO JOB WORK IN PARTS FOR ANOTHER EXCISABLE UNIT WHOSE FINISHED PRODUCT IS EXAMPTED UNDER THE NOTIFICATION 12/2012 DTD. 17/03/2012 BUT THE PARTS AND ACCESSORIES ARE EXCLUDED FROM THE EXAMPTION ?
IF YES THEN WHAT IS OUR LIABLITIES TOWARDS EXCISE DUTY/ SERIVICE TAX ?
PLEASE GUIDE
THANKS & REGARDS
WE ARE EXCISABLE UNIT, CAN WE DO JOB WORK IN PARTS FOR ANOTHER EXCISABLE UNIT WHOSE FINISHED PRODUCT IS EXAMPTED UNDER THE NOTIFICATION 12/2012 DTD. 17/03/2012 BUT THE PARTS AND ACCESSORIES ARE EXCLUDED FROM THE EXAMPTION ?
IF YES THEN WHAT IS OUR LIABLITIES TOWARDS EXCISE DUTY/ SERIVICE TAX ?
PLEASE GUIDE
THANKS & REGARDS
Arun Kumar Singh
(Expert)
24 February 2014
You can do the job work of any units but depend upon the classification of goods manufactured by principal manufacturer. If duty has been paid on final products then no need to pay service tax on job work. you should consult with any professional.
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