Service tax on job work (urgent!!!!)
This query is : Resolved
11 April 2012
Dear all,
1) Our clients are engaged in jobwork of WEAVING OF TEXTILES on contract basis. No extra materials is used by us for weaving. All the raw materials are provided by our contractee. Exice duty is exempt on weaving of textiles and VAT is also not leviable. As per the new amendments in service tax, whether service tax is applicable to us on the above jobwork contract.
2) If yes what is effective date of applicability of negative list.
3) Some of our clients are also engaged in jobwork of yarn (raw material for fabrics) like colouring, twisting etc. VAT is applicable on the above services on 60%-40% basis. Whether service tax is applicable on the above activity. If yes then on what proportion? On 60% on which VAT is not charged or on full amount including/excluding VAT?
1) Our clients are engaged in jobwork of WEAVING OF TEXTILES on contract basis. No extra materials is used by us for weaving. All the raw materials are provided by our contractee. Exice duty is exempt on weaving of textiles and VAT is also not leviable. As per the new amendments in service tax, whether service tax is applicable to us on the above jobwork contract.
2) If yes what is effective date of applicability of negative list.
3) Some of our clients are also engaged in jobwork of yarn (raw material for fabrics) like colouring, twisting etc. VAT is applicable on the above services on 60%-40% basis. Whether service tax is applicable on the above activity. If yes then on what proportion? On 60% on which VAT is not charged or on full amount including/excluding VAT?
11 April 2012
Dear Mr. Bilal,
it seams that as per new concept of negative list it will fall under the purview of service tax, however, the negative list concept has not yet been approved and notified by the goverment.
let it first get notified by the government till the time you dont have to worry about it..
it seams that as per new concept of negative list it will fall under the purview of service tax, however, the negative list concept has not yet been approved and notified by the goverment.
let it first get notified by the government till the time you dont have to worry about it..
14 April 2012
Thank You Very much Sir!!! In negative list of service tax, service which amount to production is enlisted. So will the above activities be covered in this point??
14 April 2012
If till the time it has not been manufacture, then it will not fall under negative list.
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- ITR selection for salaries and capital gain less than L
- ITR 1: Details for showing Exempt Income
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
