We are the manufacturer of auto components. My query is related to job work with material.
We are doing a products on job work basis with materials, appox. cost is 5 lacs of the said job work. So my question is, how to prepare the bill? Do we prepare the two separate bills? one is material & second is labour charges? or one bill covering the both materials & labour? how to levy taxes? what is the impact of taxes i.e. excise, service tax & Vat?. Is it cover under WCT?
CAclubindia
