SERVICE TAX ON JOB WORK/COATING OF FASTNER

[VIJAYA KRISHNA]

My query is not a answered properly i am talking about our notice we have received for the year 2014-15 now.

[KASTURI SETHI]

Pl. elaborate your query. There is no previous reference.

[Atul Rathod]

Check if the notice within the time limit of 5 years from the return for the period of 2014-15 considering willfull misstatement.

If not than check if the notice is issued within normal period of limitation.

refer sec 73 of finance act. Check for exemption of intermediate work in mega exemption notification no 25/2012

[KASTURI SETHI]

Sh.Atul Rathod Ji,

I appreciate your reply so quickly. What I want to say that the querist is least bothered to elaborate query. It shows lack of interest in query.

AI Summary

Limitation period for service tax notices may determine validity; verify willful misstatement and intermediate work exemption applicability.
Assess whether the service tax notice for 2014-15 is within the extended limitation applicable to willful misstatement under the Finance Act or within the normal limitation period, and determine whether the job work/coating of fasteners qualifies as an intermediate work exempt under Mega Exemption Notification No. 25/2012.