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.
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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Traces submitting correction statement error
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Taxability of credit in canara bank ET & T section (NRO)
- Loss of interest in PF transfer from EPFO to Trust
- ITR-Capital Gain
- IT returns for fresh job holders
- F&O reporting in ITR
- ITR-3 File/Error Found
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
