This query is for a construction plumbing contractor.
1- Service tax collected on Rs.1000000.00, apart of his total turnover Rs.3000000.00
my question is, what would the service tax liabilities for the Assessess. (A.Y.2011-12)will he liable to pay the service tax on total turnover or only the amount on which he collected the tax.
2- What is the service tax exemption limit for civil construction (plumbing work) (Residential)
Thanks
SERVICE TAX EMEMPTION LIMIT IS AVAILABLE TO ALL ASSESS WHOSE TURNOVER IS LESS THAN 10,00000/- .
You have to pay service tax on collected amount.
Trading, manufacturing turnovers are not liable for service tax. Only taxable services are liable and the amount collected as ST wouldbe payable only.
may I know if there are any tax exemption for Construction White Card Victoria holders? does anyone know?
CAclubindia
