gross turnover
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2010
A contractor his work aggriment make a new road and repair and maintenance .His gross turnover is 2500000.00 per year .But repair and maintenance work 125000.00 per year .Does the contractor make a liability to pay service tax .If yes how will amount he charge service tax .
CA PRAMOD SARAOGI
(Expert)
20 August 2010
Services in respect of new road construction is a Non-Taxable Service which is outside the perview of Service Tax. Thus if the Gross value of services excluding the value of services provided in respect of construction of road is less than Rs. 10 Lacs then threshold exemption may be availed if the Gross value of Taxable services provided in the preceeding year is less than Rs. 1o lacs
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