| 2 does sales spares made equal to labour service provided is exempt from tax of authorised dealer | |||||||||
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exa:spares bill equal to 3000, labour bill equal to 2000 in total 5000.i hope exemption is available up to 4000 they are liable only to the extent of four thousand |
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| (volume of goods equal to volume services is exempt from tax) | |||||||||
Under Notification 12/2003, value of gods sold by the service provider to the services receiver is exempted. Thus, for computation of value os services, the value of goods sold is to be excluded.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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