As I am an Individual person doing jobwork with a company name x. After d

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Question

As I am an Individual person doing jobwork with a company 
name x. After doing jobwork I am going to sale the shoes in 
local market. Please tell what is the tax % I have to take. 
Whether 4% or 12.5%.

Question Submitted By :: S.senthilkumar

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Re: As I am an Individual person doing jobwork with a company name x. After doing jobwork I am going to sale the shoes in local market. Please tell what is the tax % I have to take. Whether 4% or 12.5%.

Answer
# 1

If the job work includes material supplied by the the pary 
than your are liable to Service tax of 12.5% as you have 
provided only services. However if you have also used some 
materials for making that shoe, than you need to give a 
bifocation of the bill showing how much is the material 
cost & service charge. Material cost should be charges with 
4% VAt & the services should be charged with 12.5%. The 
bifocation is necessarybcoz if you just add 4% on the 
entire bill, the company mostly deduct TDS also to be on 
safer side.

Is This Answer Correct ?

2 Yes

1 No

Nutan Gonehalli

Answer
# 2

It is sales tax.like VAT (Value added tax)

Is This Answer Correct ?

0 Yes

0 No

Manish

Question	Asked @	Answers
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