Tds on mixed works contract
This query is : Resolved
23 May 2015
X Company has provided Materials (Mat A) to a Job worker. Job worker will add some Materials (Mat B) along with (Mat A) supplied by X and do the processing as per specification of X company ?
Query : Will TDS u.s 194C is applicable ? (since I know the same is applicable if Job worker carried out the work with Material supplied by Principal but in this case 2 things happening, material is supplied by Principal + Material is also supplied by Job worker.
Query 2: whether Excise duty is chargeable and how ?
Query 3 : What is the rate of WCT is chargeable if final output is Acid slurry ? Now Can the principal take the credit of WCT in West Bengal ?
Query : Will TDS u.s 194C is applicable ? (since I know the same is applicable if Job worker carried out the work with Material supplied by Principal but in this case 2 things happening, material is supplied by Principal + Material is also supplied by Job worker.
Query 2: whether Excise duty is chargeable and how ?
Query 3 : What is the rate of WCT is chargeable if final output is Acid slurry ? Now Can the principal take the credit of WCT in West Bengal ?
23 May 2015
1 TDS applicable u/s 194C.
2 Excise duty is not applicable for job work provided X company pays excise duty on final product.
2 Excise duty is not applicable for job work provided X company pays excise duty on final product.
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