Works contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 October 2014
A company is printing newspapers/magazines/pamphlets as job work using its own material & machine for printing and is paying only VAT/CST on 100% sale value. Is this the right approach or should it be treated as works contract? Is service tax applicable in such cases???
20 October 2014
See if the printing is done on job work,then the same is exempted from service tax as per serial no.30(a) of notification no.25/2012 .
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 October 2014
Does that mean that VAT will be applicable on entire sale amount??
20 October 2014
yes,vat wil be levied on 100% sales amount.
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