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Servicetax applicability .

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(Querist)
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
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ADITYA

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ADITYA (Expert)
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.
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CA Nikhil Jhanwar

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CA Nikhil Jhanwar (Expert)
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
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