14 July 2013
ONE OF MY CLIENT IS MANUFACTURER WHO AVAILS SSI EXEMPTION. THIS YEAR 2013-14 IS FIRST YEAR OF PRODUCTION SO TURNOVER UPTO 1.50 CRORE NO EXCISE DUTY PAYABLE.
1. WHETHER IN TURNOVER 1.50 CRORE JOB WORK CHARGES INCLUDED?
2. UPTO 1.50 CR NO EXCISE DUTY PAYABLE ON SALE VALUE SO ON JOB WORK WHAT TAX PAYABLE? VAT OR S.T? OR ONLY JOB CHARGE BILL WITHOUT ANY TAX?
3. AFTER 1.5 CR SALES EXCISE DUTY WILL BE CHARGEABLE TO ALL SALES AND JOB WORK BILLS?
15 July 2013
1. Jobwork charges will be not included. 2. No need to pay excise duty and service tax under SSI exemption. 3. Jobwork is exempt from service tax if production of goods and amounts to manufacture.
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