Where applicant is engaged in business of building and mounting of body on chassis of different models of buses, if body is built on chassis provided by principal and fabrication charges, including certain material consumed during process of job work, have been charged, then activity amounts to supply of service under Heading No. 9988 and attracts 18 per cent GST and activity of mere mounting body on chassis supplied by owner amounts to supply of goods and merits classification under HSN 8707, attracting 28 per cent of GST
Source: taxmann.com
Latest Posts in "India"
- BJD Urges Odisha Government to Cut VAT on Petrol, Diesel Amid Global Fuel Crisis Concerns
- Strategic Management of GST Credit Notes: Compliance, Timing, and Tax Implications for Finance Leaders
- Himachal Pradesh Assembly Approves VAT Bill, Permits Up to ₹5 Cess on Petrol, Diesel
- Karnataka AAR Allows ITC on Ancillary Expenses for Used Vehicles Sold Under Margin Scheme
- ISD Credit Distribution Allowed Only After ITC Eligibility Under Section 16, Rules Madras High Court
