We are rubber parts manufacturers. Our firm is doing job work to HAL, We have to know, HAL has any exemption in payment of service tax? If so what is the notification No. . Secondly we are also claiming from our 1 or 2 customer for development cost of making tools and getting the amount. we have to pay service tax for this development cost also. KIndly guide us.
service tax exemption details
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Rubber parts firm seeks clarity on service tax exemptions for job work and development costs for tool-making. A rubber parts manufacturing firm inquired about service tax exemptions related to their job work for HAL and whether HAL is exempt from paying service tax. They also sought clarification on whether they need to pay service tax on development costs charged to customers for tool-making. The respondent requested more detailed information or a direct contact for further assistance. (AI Summary)
TaxTMI
TaxTMI