29 April 2014
1) labor charges bill 2) how the labor charges define? 3) can principal manufacturer avail credit on labor charges if he is paying excise duty on final product?
29 April 2014
q 1 it is under category of Manpower supply
q2 under Section 65(105) (k) of the Finance Act, 1994. The definition of "manpower recruitment or supply agency", under the old law, meant and covered any person engaged in providing any service, directly or indirectly, in any manner for recruitment or supply of manpower, temporarily or otherwise, to any other person . Under the new dispensation, only the supply of manpower is covered and not the recruitment of manpower, for purposes of the reverse charge mechanism.
q3 he avail cenvat credit payment under rcm service receiver
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