Servicetax applicability .

This query is : Resolved

Dushyant Chhaya (Querist)
Follow

05 May 2012 I am a Mechanical Engineer [age: 63 years ] and working as a Retainer in Larsen & Toubro Ltd . I have been on one year conract for F.Y. 2012-13 & my salary is Rs 1.0 lakh per month . Do I fall in service tax applicability ?
What is the limit upto which Service tax is not applicalle/paid ?

Dushyant Chhaya

ADITYA

ADITYA (Expert)
Follow

05 May 2012 Dear Dushyant,

You have taken a job as a retainer, please go through the terms and conditions of your appointment letter/ work contract agreement, and if it found that you are service provider and not an employee of the company, service tax liability will attract.

However, your principal ile larsen & Tubro will be entitled to get cenvat credit of the same.

CA Nikhil Jhanwar

CA Nikhil Jhanwar (Expert)
Follow

05 May 2012 Apparently it seems that you have entered into contract with L & T as a conslutant. Therefore, you are liable to service tax on or above Rs. 10 Lacs

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok