a private company undertaking printing work mainly from govt bodies, for journals magazines etc.
At times, they are provided the paper/material on which the printing is required, and at times they use thier own.
now the question is :
1)when the client is giving them paper to print on, they are merely providing printing services, will VAT be attracted here? if not will service tax be attracted?? i just saw the 80 services covered under service tax gamut, and i dont see any printing services. In case service tax is applicable, under business auxilary or under works contract, please direct me to the specific provisions and computation for my further reading and understanding.
2)when their client does not provide them paper/material, they source it themselves and give the clients the printed material. i am pretty sure this printed material will attract 4% VAT, but is there a chance of attracting service tax too ?? if yes, then in what ratio, and how to go about the computation.
i really appreciate you going through this long querry, even if you can just point me in the right direction i will be very thankful!
CAclubindia
