Liability of service tax to supplying of neon tubes with fit

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CA Mandar Kharpudikar (Querist)
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06 October 2012 Dear All ,
I have 1 question on the Negative List of Services.
Can anyone tell me ?
Case :- One of my client is supplier of NEON TUBES & also fitting of the same.
He has opted Composition Scheme under M Vat.
Can u tell me is he liabile to pay service tax from 1st July 2012.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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07 October 2012 If the fitting charge are negligible and sale is the dominant activity then ST not payable.
However considering that you have opted for composition it appears to be a WC.

If so you would have to pay ST on 70% of the value as per Valuation Rule.

Advisable not tobe under compostion - to be under regular shceme and pay VAT on transfer of property [ after availing the set off -ITC]and ST on the service part.[ after availing the credit of ED on capital goods and input services if any.

CA Mandar Kharpudikar

CA Mandar Kharpudikar (Querist)
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08 October 2012 Thanx a lot.. sir ...!!!

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