Dev K Sharma (Learning Thru Experience) (157 Points)
15 June 2011I recently joined a New Private Limited Company as An Accountant...
The company have its own unit (Factory), and is involve in production of bakeing , biscuits, cakes, and other bakery items and selling it to the one and only Customer, XXXXXXX Limited.
Excise & Service Tax??
Required or not ???
Thanks & Regards,,,,,
nandini mishra
(individual)
(592 Points)
Replied 15 June 2011
excise duty is applicable on food products and bakery products if its turnover exceeds the specified limited as given in central excise act
S.P.Mahanta
(Internal Auditor)
(647 Points)
Replied 17 June 2011
Mahendra Sarin
(RFC)
(21 Points)
Replied 17 June 2011
Dear Sir
We are offering AMC services to our cusotmers. Thee AMC services include supply of spares parts nad labour and the repairs are done on by our dealers. Dealer sends claims and we credit dealer account with the claim amount. The service is taxable as per service tax act.
The question is do we need to chage and collect service tax from customer or pay the service tax to dealer at the time of consumption
regards
CAclubindia
