Trading goods is considered as a exempted services
This query is : Resolved
12 August 2016
Dear Experts,
We are manufacturer cum merchant exporter, we are doing manufacturing sale and trading sale in domestic market as well as export market. whether our trading export will be treated as exempted service and cenvat to be reverse under rule 6(3) of cenvat credit rule 2004.
Please advice.
Thanks
We are manufacturer cum merchant exporter, we are doing manufacturing sale and trading sale in domestic market as well as export market. whether our trading export will be treated as exempted service and cenvat to be reverse under rule 6(3) of cenvat credit rule 2004.
Please advice.
Thanks
CA R SEETHARAMAN
(Expert)
13 August 2016
Trading in goods is exempted from service tax. Trading can't be considered as service hence rule 6(3) not applicable.
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