Jobwork
This query is : Resolved
29 June 2011
Dear sir,
We are making jobwork for other company (We both are Excise Registered Unit). But that company give us only principle material to produce finished goods. Then we are adding other complementary goods to produce & then make the bill to the party as Processing Charge+Cost of the materials+ Profits on it. Is it possible in Jobwork case?
Thanks,
We are making jobwork for other company (We both are Excise Registered Unit). But that company give us only principle material to produce finished goods. Then we are adding other complementary goods to produce & then make the bill to the party as Processing Charge+Cost of the materials+ Profits on it. Is it possible in Jobwork case?
Thanks,
29 June 2011
It depends on the contract which you have with the person or company for which you are working. Every thing is possible but you have to look from the angle of taxation. This will attract both service Tax and VAT.
01 July 2011
Thanks Sir
01 July 2011
But How I will show VAT on Bills ?. Is it effect on value of our materials which had processed with the materials of Original manufactured. When it Exempted has no problem
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