Service tax on gold ornametns manufacturing
This query is : Resolved
04 January 2014
service tax applicable for gold manufacturer or not. There was difference of openion on service tax applicable for gold ornaments manufacturer or not. Need Some Perfect Help Regarding this matter.
Thanking you
Thanking you
05 January 2014
There is no service tax on manufacyure of gold ornaments:
1.Gold being a precious metal is covered under chapter 71 of Central Excise Tariff.
As per negative list any process amounting to manufacyure or production is not leviable to service tax.therefore making of gold ornaments is not liable to service tax.
2.As per serialno 30(b) of Notification No. 25/2012 any job work in relation to jewellery of gold is exempted.Therefore again service tax is leviable.
1.Gold being a precious metal is covered under chapter 71 of Central Excise Tariff.
As per negative list any process amounting to manufacyure or production is not leviable to service tax.therefore making of gold ornaments is not liable to service tax.
2.As per serialno 30(b) of Notification No. 25/2012 any job work in relation to jewellery of gold is exempted.Therefore again service tax is leviable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
