Work on raw material in factory premises
This query is : Resolved
12 October 2016
Dear Expert,
What any pvt Ltd company do work on raw material from outside Labour and get bill for it's work, What will be accounting ledger made and what will service Tax RCM will be alsoapplicable?
What any pvt Ltd company do work on raw material from outside Labour and get bill for it's work, What will be accounting ledger made and what will service Tax RCM will be alsoapplicable?
12 October 2016
Book it under direct labour expenses. No service tax applicable being part of manufacturing activity.
12 October 2016
Thanks sir,
What it will be come in manpower supply service which cover in RCM?
What it will be come in manpower supply service which cover in RCM?
12 October 2016
If you consider it as part of manufacturing activity and cost is considered for payment of excise duty no service tax payable on it.
12 October 2016
Ok sir,
What PF & ESI will applicable on above activity?
What PF & ESI will applicable on above activity?
12 October 2016
PF and ESI is applicable on both own labour and on contract labour.
You are a manufacturing company, so any work done on raw material is part of manufacturing activity.
You are a manufacturing company, so any work done on raw material is part of manufacturing activity.
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