Just a moment...

Report
FeedbackReport
Welcome to TaxTMI

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home /

Serive Tax

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....erive Tax<br> Query (Issue) Started By: - JITENDER THAREJA Dated:- 8-1-2015 Last Reply Date:- 9-1-2015 Service Tax<br>Got 5 Replies<br>Service Tax<br>BASICALLY WE HAVE A EXCISE UNIT AND WE ARE ALSO PAYABLE OF SERVICE TAX. IF SOMEONE COMPANY APPROACHED US FOR THE MACHININGOF THEIR CASTING FROM US. THAN WHAT WILL THE PROCEDURE TO PAY THE SERVICE TAX. Reply By PAWAN KUMAR: The Reply: Dear Sir, As p....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er my view, If the principal company who supply their casting to you under cover of job work challan under rule 4(5)(a) of Cenvat Credit Rules, 2004, and you do machining activity on such casting and return the machined casting, No need to pay service tax on such machining charges if the principal uses such machined casting into his final products. Your activity of machining should not be manufact....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....uring activity in such case. Reply By JITENDER THAREJA: The Reply: DEAR SIR THNAKS BUT, A TRACTOR MANUFACTURING CO. HAS APPROACHED US FOR THE MACHINING OF THEIR CASTING FROM US. WHICH IS SITUATED AT EXCISE FREE ZONE HIMACHAL PRADESH AND OUR UNIT COVERED UNDER EXCISE and SERVICE TAX RULES IN HARYANA.THEY SENT US METERIAL ON CHALLAN BASIS FOR JOB WORK .BUT WHAT WILL THE SERVICE TAX PROCEDURE .( M....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Y MEANS SERVICE TAX WILL BE PAYABLE ON JOB WORK VALUE OR JOB WORK + METERIAL VALUE.) Reply By Naveed S: The Reply: Sir, In your case, you need to raise the service tax bill only on Labour charges i.e. on the Job work value. Reply By PAWAN KUMAR: The Reply: Dear Sir, As per my view, if the activity is not amount to manufacture and appropriate duty is paid by the principal on the excisable fin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....al products, job worker will not liable for service tax on job work charges. but if the excisable final products are exempt from the duty of excise, job worker is liable for service tax on job work charges. Reply By Pradeep Khatri: The Reply: Dear All, It is settled legal position casting becomes finished goods when machined. Please check para 8.4.2 of the Central Excise Law and Practice author....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed by Mr. V.S.Datey. Regards, Neelam Taneja - Executive Consultant (YAGAY and SUN - Management, Business and Indirect Tax Consultants)<br> Discussion Forum - Knowledge Sharing ....