Sir, I have 2 questions.
1. Can a pure works contractor part with his inward goods to another works contractor for consideration and if so, what will be the rate of tax?
2. If a person is engaged in reparing service alone, then what rate of tax should be charged for such service?
pls clarify
Menu
Services reg
Replies (3)
| Originally posted by : Nila Kesavadass | ||
 |
Sir, I have 2 questions.1. Can a pure works contractor part with his inward goods to another works contractor for consideration and if so, what will be the rate of tax?2. If a person is engaged in reparing service alone, then what rate of tax should be charged for such service?pls clarify |  |
Yes a contractor can part his good with other contractors
Rate of tax will be based on classification of goods.
For repairing service tax rate is 18%
Recent Topic
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
Related Topics
CAclubindia
