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Querist : Anonymous

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Querist : Anonymous (Querist)
07 January 2016 Ours is a IT Consultant firm running as a Proprietorship firm.I Develope Software for my Clients at their Place only.So Receipts for these services will be counted for calculating limit of Rs.10 lacs.
Now I also appoint some software developers under me and place them at client place.Now I hire an employee at X amt.The client pays me for that employee Y amt.(Y>X).So the rest is my Profit.Should Whole amount Y will be considered for limit of 10 lacs or (y-x) will be considered.

How Servicetax law will apply in this situation
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gbalakrishnan

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gbalakrishnan (Expert)
07 January 2016 full 'Y' amount need to be considered sir
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praveen

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praveen (Expert)
07 January 2016 You cannot claim reimbursements under service tax act. You have charge and collect service tax on the bill value. Hence it should be on Y
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