what tax will be applicable.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 May 2010
one of my friend is carrying on an business of car mechanic. what are the taxes applicable to him , he had made an turnover above 20lacs inclusive of parts purchased from outside for the cars for repairing purpose.but there is no sales of parts done by him. what he receive is only lab our charges as income.
Akbar Mirza
(Expert)
20 May 2010
ON purchase of parts VAT shall be aplicable.
If purchase it out side of his sates, then CST shall be applicable.
In providing Labour services Service Tax is applicable.
Finally On Income of 20L Income Tax is also applicable.
If purchase it out side of his sates, then CST shall be applicable.
In providing Labour services Service Tax is applicable.
Finally On Income of 20L Income Tax is also applicable.
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