TAXABILITY

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..... TAXABILITY
Query (Issue) Started By: - LAXMIKANT ARORA Dated:- 8-5-2014 Last Reply Date:- 8-6-2014 VAT + CST
Got 2 Replies
VAT / Sales Tax
Whether textile processing such as tailoring, d .....

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..... ying. fabrication, embroidery and other similar activities are works contract or not ? Reply By rishi mohan: The Reply: In the above case.Works contractor is not required to charge 4 percent VAT on .....

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..... 33 percent of value of the invoice. Being 4 percent a composition one and VAT at the rate of 4 percent should be paid on total value. However, Service tax is payable on 67 percent value at the rate of .....

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..... 12.36 percent with the CENVAT credit of inputs/input services. Reply By Madhukar N Hiregange: The Reply: In tailoring there is no transfer of property and therefore not a WC. Not liable under ST al .....

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..... so. Dying- to the extent of transfer of property, it is liable. To extent of consumables used not liable . Exempt as intermediary processing relation to textile Embroidery maybe liable as thread tr .....

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..... ansferred to that extent. NO ST due to same reason as above.
Discussion Forum - Knowledge Sharing .....

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