Tax Dispute: Diesel-Hydraulic Locomotive Leasing Misclassified, Subject to 18% Tax Rate as per SAC 996731 Guidelines.

Classification of services - rate of tax - applicant leases out diesel-hydraulic shunting locomotive inter alia to M/s. Damodar Valley Corporation, Andal claimed taxable @ 5% - The Applicant’s service to the DVC, as as per their work order is classifiable as ‘railway pushing and towing service’ (SAC 996731) and taxable @ 18% .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X