Service tax liability for m/c on rent/ lease/loan
This query is : Resolved
25 September 2012
Sir,
What will be the Jobwork cost (i.e.Processing Charges) when processor add up the raw material to the finished product he is processing?
is duty payable on the cost of raw material he is using to complete the process?
is duty payable on the cost of raw material he is using to complete the process but sold to the principle manufacturer whose product is exempted from duty?
Best Regards,
For Dhoot Transmission Pvt.Ltd.
Avinash V.Kulkarni
Manager-Excise(Corp.)
What will be the Jobwork cost (i.e.Processing Charges) when processor add up the raw material to the finished product he is processing?
is duty payable on the cost of raw material he is using to complete the process?
is duty payable on the cost of raw material he is using to complete the process but sold to the principle manufacturer whose product is exempted from duty?
Best Regards,
For Dhoot Transmission Pvt.Ltd.
Avinash V.Kulkarni
Manager-Excise(Corp.)
Arun Kumar Singh
(Expert)
11 October 2012
Excise duty will not be payable if raw material/semi-finished components are sent for job work under the cenvat provision or under notification No. 214/86-CE. however in other cases if job work results in manufacture of a product, duty will become payable by job worker.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
