| 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.
R P S K & Associates
Nashik
CA Inter
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O P Bagla & Co LLP
New Delhi
CA Inter
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