WORK DONE ON CONTRACT BASIS

[SHAHNAWAZ KHETANI]

IN CASE A PERSON (INDIVIDUAL) DOES SOME WORK ON CONTRACT BASIS FOR THE YEAR 2010-11, THE VALUE OF WHICH EXCEEDS RS. 10 LACS, WHETHER HE HAS TO TAKE THE REGISTRATION UNDER SERVICE TAX LAWS. PLEASE REPLY ME

AI Summary

Contractor Must Register for Service Tax After Rs. 9 Lakhs; Charge and Deposit Tax After Rs. 10 Lakhs A query was raised about whether an individual performing contract work exceeding Rs. 10 lakhs in 2010-11 must register under service tax laws. The first response confirmed that registration is required once the threshold of Rs. 9 lakhs is crossed, and service tax must be charged and deposited after surpassing Rs. 10 lakhs. The second response agreed, advising verification of whether the contract work falls under taxable services and checking for any applicable exemptions or abatements.