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%.
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Answer / nutan gonehalli
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 ? | 5 Yes | 2 No |
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