I saw.a purchase bill of job work. There was mentioned that only 60 percent of portion was taxable in VAT. . Entry was s below
party name. dr.
To cenvat
To Vat input
To surcharge on vat input
To job work(60 percent)
To jobwork taxfree(40 percent )
I had read that job work is either taxable under excise or st. But here entry is very diffrent.. Even in some entries excise, vat and st is chrged at once. Pls clear my doubt..
TaxTMI 