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TMI Bloglabour contractX X X X Extracts X X X X X X X X Extracts X X X X ..... labour contract X X X X Extracts X X X X X X X X Extracts X X X X ..... out sourcing 6 labours from a labour contracter (individual) What is ST law applied Reply By Rajagopalan Ranganathan: The Reply: Sir, If the total turnover of your labour contractor is less than ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10 lakhs during preceeding finanicail year or it is not likely to exceed ₹ 10 lakhs limit during current year then no service tax is payable. If his turnover is more than 10 lakhs, then your la ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bour contractor has to pat service tax on 25% of taxable vaLUE AND YOU HAVE TO PAY SERVICE TAX ON 7\5% OF THE TAXABLE VALUE. VIDE nOTIFICATION nO. 30/2012-sT DATED 20.6.2012 AS AMENDED. Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y By Naveed S: The Reply: Sir, In simple words - Under reverse charge mechanism, there are no service tax liability on Individual Small Manufacturers, so don't read too much and don't get co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nfused with service tax matters. The more you read, the more confused you shall get.
Instead, Just concentrate on your business and the manufacturing aspect.
Best of Luck. X X X X Extracts X X X X X X X X Extracts X X X X ..... owledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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