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%.
- 2 Answers
- 6378 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
sir, which percentage to be deducted for film actors remuneration ?
what is the entry made by purchaser received stock transfer against form f for inter state stock transfer from sister concern company
WCT Exemption limit ?? Pl explain on which items WCT is applicable.
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
Please advise can somebody deducted TDS on Dollar Bill. If yes then why....
what is cenvat credit expain it
20 Answers Hindustan Unilever Limited, IBM, RBI,
What is the procedures for withdrawing of form C?
1 Answers Bhel, Mamta Engineering, Pharma,
Managing Director personal income tax is company exp ? in which a/c ledger we should debit MD income tax amount ? Property tax is exp. or liabilities ?
what are the rates of depreciation as per companies.Act.?
what is the process of paid unpaid in service tax
i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible
how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?
Audit 
