We have toll processing unit ie. we have hired one manufacturing unit & we are manufacturing in that plant & paying toll processing charges to owner.
Previously there were no service tax on process amounting to manufacture as per Section 66D(f) of the Finance Act, 1994. Also there were certain exemptions under notification no.25/2012-ST dated 20 June 2012.
As our product was exempt under excise , we were not required to pay Excise as well.
02 August 2017
Read section 143 of the GST, in nut shell you can send raw material to your job worker under intimation and you can clear goods from job work location with applicable GST. There is time limit of 1 year.
02 August 2017
Read section 143 of the GST, in nut shell you can send raw material to your job worker under intimation and you can clear goods from job work location with applicable GST. There is time limit of 1 year.
03 August 2017
Nilesh Sir , Thank you very much for reply. In our case , we have taken one plant on rent , here factory building , plant & machinery are owned by other person. We use our material & labour & pay @ Rs.2.50 per kg to owner of plant.
In this case , please let me know whether GST is payable on payment made to plant owner ( in our case we call it as toll processing unit & toll processing charges.
CAclubindia
