Dear Sirs,
Ours has finished goods of Pre-fab buildings. We received an order our products for (FG) renting purpose and returned back once the work is completed. What is the procedure need to fallow in relation to Excise/Service tax to avoid audit complications.
Thanks for your support
Regards
Srinivas
Company Seeks Guidance on Excise and Service Tax for Renting Prefabricated Buildings; Considers Trading Firm Setup for Efficiency A company dealing with pre-fabricated buildings seeks advice on handling excise and service tax for renting their finished goods. They received an order to rent out their materials, which will be returned post-use. An initial response suggests no tax liability, but further clarification is requested. The advice given includes obtaining permission from the excise department for moving goods without duty payment, paying service tax on rental income, and potentially establishing a trading firm to manage the rental transactions more efficiently. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
