https://www.taxtmi.com/forum/issue?id=3894 Service tax is not leviable on ordinary purchase and resale of goods held as trading stock, so routine trading does not require service tax reversal. However, trading conducted from factory premises requires prior excise permission and may attract central excise liability, shifting the compliance focus to excise obligations rather than service tax. en-us Sat, 10 Mar 2012 16:42:38 +0530 Thu, 23 Jan 2025 15:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3894 Service tax is not leviable on ordinary purchase and resale of goods held as trading stock, so routine trading does not require service tax reversal. However, trading conducted from factory premises requires prior excise permission and may attract central excise liability, shifting the compliance focus to excise obligations rather than service tax. Discussion-Forum Service Tax Sat, 10 Mar 2012 16:42:38 +0530 https://www.taxtmi.com/forum/issue?id=3894