Labour Charges Working.

This query is : Resolved

vinod (Querist)
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06 May 2010 Dear sir,

i have working with foundry industries
we are casting manufacturer.in kolhapur.

There are one enquiry from xyz party.

The xyz party give us raw material for their castings & they need labour charges invoice for this job.

this practice is new for us.

how can i make this invoice

which taxes applicable for this invoice.

how can i inword this Raw material in our primises.

pls.guide me.?

Badri Kharat

Badri Kharat (Expert)
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06 May 2010 Dear Vinod,
As you are both manufacturer and job worker,
you have to maintain stock register separate for both
as regards to taxes applicable , Service Tax @ 10.3% is applicable if your turnover from services exceed 10 lacs
there is no other taxes.
You have to only mention on invoice than"LABOUR CHARGES ONLY"

for any further details Contact on : cabvkharat@gmail.com, i am in kolhapur only

vinod

vinod (Querist)
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07 May 2010 Dear Kharat Sir,

May i use current invoices & continues my excise Sirial Number for Labour Charges invoice.
or
i need new sirial Numbers for that labour charges invoice.

how can i inword this xyz parties excisable raw material.in my plant.

may i use 57f4 challan ?

if yes

how can i close this same challan.
because the party give me 1000 kg scrap & i give the party finish job of 850 kg.

please guide me

Thanking you,

Vinod.

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