Cold storage

A/c entries 653 views 2 replies

B. Com

51 Points Joined February 2011

Hello sir....

Is there any accounting and tax treatment (service, vat etc.) for cold storage business????

I would like to know as soon as possible.... as im not finding any such msg or notification for my knowledge.....

Thanks in advance...

Abhishek Pattankar

Replies (2)

Guest

1. services which are non taxable (Negative List).

= Services relating to agriculture or agricultural produce by way of -

(v) Loading, unloading, packing, storage or warehousing of agricultural produce.

So, if your cold storage stores agricultural produce, service tax is not applicable.

B. Com

51 Points Joined February 2011

Okay... Thank you madhavi...

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