Service towards Manpower supply
This query is : Resolved
26 August 2022
We have furniture manufacturing unit. Due to more work order we are not a position to produce more product Intime. Wish to appoint a third party may be contractor or subcontractor to finish the product for our requirement by giving his / her employee.
My queries as below.
1. Whether a formal Contractual agreement is required or not?
2. Is TDS & Service Tax applicable on the transaction if yes how much.
3.Outr Firm is registered under PF & ESI Act . Benefit of these are to be given to the manpower hired by us or his / her?
4. If the Contractor having no income beside whether he will be file his tax return as Individual or other way.
Please let us know.
Regards.
Pramod Nayak
My queries as below.
1. Whether a formal Contractual agreement is required or not?
2. Is TDS & Service Tax applicable on the transaction if yes how much.
3.Outr Firm is registered under PF & ESI Act . Benefit of these are to be given to the manpower hired by us or his / her?
4. If the Contractor having no income beside whether he will be file his tax return as Individual or other way.
Please let us know.
Regards.
Pramod Nayak
26 August 2022
1 Formal contract required as tax audit applicable to you.
2 TDS applicable.
GST applicable in case contract value exceeds 20 lacs.
3 Yes.
4 File ITR as individual.
2 TDS applicable.
GST applicable in case contract value exceeds 20 lacs.
3 Yes.
4 File ITR as individual.
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