Ram kr. (Buisness) (883 Points)
10 November 2012
Dear Experts,
We are registered Manufacturer and Service Receiver in Central Excose and Service tax. We have purchased electricity more then consumption. Can we sale excess electrity to another company. If yes then what will be the service tax and sales tax liability.
Thanks
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 11 November 2012
VAT is exempt on sale of electricity in all states......mjk
Ram kr.
(Buisness)
(883 Points)
Replied 13 November 2012
Can any company purchase electricity and sale surplus electricity. I have doubt about it.
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 13 November 2012
Yes, you can do it easily.....MJK
vinay jain
(CA & CS Executive)
(85 Points)
Replied 13 November 2012
As far as the service tax is concerned, there will be no liablity as service tax is not applicable on sale of goods.
CAclubindia
