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Issue ID: 3942
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WORK DONE ON CONTRACT BASIS

Date 23 Mar 2012
Replies 2 Replies
Views 1178 Views
Asked by
Service tax registration requirement for contract work triggers registration and charging obligations once statutory thresholds are crossed.
An individual performing contract work must obtain registration when turnover reaches or exceeds Rs. 9.00 Lacs, and must begin charging and depositing service tax once turnover reaches or exceeds Rs. 10.00 Lacs. Prior to registration and collection the taxpayer should confirm that the contract work is a taxable service, identify the relevant service category, and determine any applicable exemptions or abatements that may affect liability. (AI Summary)

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

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