Dear all,
We are in manufacturing business,we are hire some labour works from contractors (manufacturing process).Amount of total labour cost is more than 10 lakh in financial year.In that case service tax is applicable to us or what ?
Expert please guide us.
YOU HAVE TO REGISTER FOR SERVICE TAX WHEN GROSS RECEPT EXCEED RS 9 LAKHS & CHARGE SERVICE TAX IF GROS RECEIPT EXCEED RS 10 LAKHS
Thanks for your reply.
But we have not received ,we are paid for labour works.
So,please tell me.What happen in that case.
Mr jaydeep, kindly repeat your question. Whether you are receiving any money for labour works rendered by you? If yes, you have to get yourself registered under the Service tax Act also, in addition to central excise formalities as you have said that you are a manufacturer.
regards,
rengaraj r.k
CAclubindia
