Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
Discussions Forum
Home Forum Service Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

SERVICE TAX ON JOB WORK AS PER BUDGET 2017, Service Tax

Issue Id: - 111455
Dated: 3-2-2017
By:- Rajeev Khulbe
SERVICE TAX ON JOB WORK AS PER BUDGET 2017

  • Contents

GOOD EVENING TO ALL MY EXPERT.

PLEASE CLEAR MY DOUBT REGARDING SERVICE TAX ON JOB WORK DONE FOR EXCISABLE UNIT.SIR BEFORE ANNOUNCING BUDGET 2017. IF ANY INDIVIDUAL/CO. /FIRM DOING JOB WORK FOR EXCISABLE UNIT THEN NO SERVICE TAX ADDED BY SERVICE PROVIDER.BUT SIR AS PER ANNOUNCING IN BUDGET 2017 REGARDING SERVICE TAX ON JOB WORK. SIR CAN YOU PLEASE TELL ME THAT WHAT CHANGES IN SERVICE TAX ON JOB WORK. IN BUDGET.

Posts / Replies

Showing Replies 1 to 5 of 5 Records

1 Dated: 3-2-2017
By:- Rajagopalan Ranganathan

Sir,

Presently, clause (f) of section 66D of the Act [Negative List] covers “services by way of carrying out any process amounting to manufacture or production of goods excluding alcoholic liquor for human consumption”. These services are proposed to be omitted from the negative list. The service tax exemption on them is being continued by incorporating them in the general exemption Notification No. 25/2012-ST as amended by notification No. 07/2017-ST, dated 2nd February, 2017.

Sl. No. 30 of Notification No. 25/2012-ST dated 20.6.2012 as amended exempts the services by way of carrying out any process amounting to manufacture or production of goods excluding alcoholic liquor for human consumption and any goods excluding alcoholic liquors for human consumption, on which appropriate duty is payable by the principal manufacturer.


2 Dated: 3-2-2017
By:- Ganeshan Kalyani

The exemption of service tax on job work if the process does not amounts to manufacture is omitted from Negative list of services and it is still exempted by including it in mega exemption notification. The net impact is Nil.

Further the date of effect of this amended is not yet given.


3 Dated: 4-2-2017
By:- KASTURI SETHI

Such change is effective from the date of enactment. The reason of shifting the entry from Negative List under Section 66 D (f) to the list of exempted services under Notification No.25/12-ST (Serial No.30) is that Central Excise duty must be paid, if process amounts to manufacture. It is evident from the language of Notification No.7/17-ST dated 2.1.17 extracted below

“process amounting to manufacture or production of goods” means a process on which duties of excise are leviable under section 3 of the Central Excise Act, 1944 (1 of 1944)


4 Dated: 5-2-2017
By:- YAGAY AND SUN

We endorse your view and understanding on this matter.frownyes


5 Dated: 15-2-2017
By:- Ganeshan Kalyani

Thanks.


1

Old Query - New Comments are closed.

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||