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Repairing Income

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(Querist)
18 November 2016 Income from Repairing of watches will go.under sale of service or under sale of goods .
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Sandeep Dharar

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Sandeep Dharar (Expert)
21 November 2016 There are two things. If it is only repairing charges, then it is sale of service. And if the old watch is repaired and sold as new, then both VAT & Service Tax will b charged(if applicable).

Please note that ST will b charged only on service value.

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