tax on job work
This query is : Resolved
26 May 2009
We wish to start doing job work on manufacturing for an exporter.
all materials will be supplied by the party and we will add just the labour content
What tax will we be subject to
thank you
all materials will be supplied by the party and we will add just the labour content
What tax will we be subject to
thank you
26 May 2009
You are liable to service tax if the labour charges exceeds 10L during the year.
26 May 2009
Apart from this the exporter will deduct a tax @ 2% + applicable Surcherge and education cess from the payment made to you unless you obtain a certifcate from the TDS officer of your jurisdiction for non deduction or lower deduction of tax.
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