We are a Plastics SSI MANUFACTURING UNIT (Partnership Firm). We are doing some Labour Charges/Job Work, Where Party Supply us Plastic Granuals and we manufacturing different types of product
This Year till date (2010-11) we are Doing Rs. 12 Lac(Appro.) Labour Charge/Job Work.
Then please suggest this situation SERVICE TAX is applicable for Us. If Answer Is Yes then also mention the Which Accounting Code is Applicable for us.
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Service Tax
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hello frens,
is there ne provision in service tax to take 50% input service tax credit of capital goods in 1st year and remaining from next year.
| Originally posted by : niloy sanyal | ||
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We are a Plastics SSI MANUFACTURING UNIT (Partnership Firm). We are doing some Labour Charges/Job Work, Where Party Supply us Plastic Granuals and we manufacturing different types of product This Year till date (2010-11) we are Doing Rs. 12 Lac(Appro.) Labour Charge/Job Work. Then please suggest this situation SERVICE TAX is applicable for Us. If Answer Is Yes then also mention the Which Accounting Code is Applicable for us. |
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as per your query, you are now principal manufacturer and excise duty liablity belongs to you, please share the procedure of labour charges challan issued by the principal and your process/ onwards return of goods procedure, otherwise gross amount of finished goods ( markable value) would be subject to excise duty payable by yourself.
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