Tds on job work, Service Tax

[Dharmender Batra]

We are having unit I and Unit II in two different states, but the company is same. Unit II is getting job work done from unit I. Can Unit I raise job work charges against unit II. if yes, will unit II be liable to deduct TDS from Unit I. (i.e., how the same company will be deducting TDS from itself. If job work charges bill is not raised, how can separate balance sheet be prepared with job work charges as expenses of unit II and revenue of unit I. separate balance sheets are required for submission before excise and sales tax authorities. thanks

Posts / Replies

[Madhukar N Hiregange]

For excise no separate financial are required. Trial balance can be asked for which can be provided.