Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Taxability of service tax - charges from FCI

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... R/SIr We are Rice SHeller and We are Milling the Paddy supplied by the FCI (GOVT DEPTT) and we returned the FInished Product as RICe to FCI and for the Services provided we receive from FCI Milling Charges @ 17/- per Qtl. Whether these charges received from FCI are taxable under service tax and if yes please let us know when this service came under the purview of service tax. Secondaly whether thi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s service is exempt from service tax as this service relates to AGRICULTURE. We shall be highly thankful to you. SUNIL MEHTA FCA - Reply By Surender Gupta - The Reply = Dehusking of paddy is a manufacturing process and the rice is a finished product emerged from such process. This activity is not liable to service tax under business auxiliary services. - Reply By Madhukar N Hiregange - The Reply .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... = The processing charges would be liable under business auxiliary servcies if the process were considered as a process not amounting to manufacture. If the process is a process ofmanufacture then as per the explanantion the same would not be liable to servcie tax. The exemption available under BAS is for processes in relation to agriculture.I have my doubts whether the process of shellig would be .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... considered as a process in relation to agriculture. I think it is a process undertaken after agriculture. - Taxability of service tax - charges from FCI - Query Started By: - SUNIL MEHTA Dated:- 20-6-2006 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanag .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates