I am a Individual freelance progammer (not releated to any firm/company)
I have Developed a Software for an Institution in period of 15 months approx.
And Now i want to Present my bill as "Job Work Bill" the Bill amount is arround 1 Lakh & they will deduct
10% TDS (TDS on Professional Servoces) on it.
I want to know .......am i liable ...to pay Service Tax
Please advice me how should i present bill.
Software development is comes under I.T. Services and hence liable to service tax @ 10.3%
Agree with above.
Should i Take Service Tax Reg No. for it.
in addition to my above reply I want to add one more thing.........
u have to take the service tax registeration no. once your total receipts from all services in a year exceeds Rs. 9 lacs......
& you will be liable to pay service tax once your receipts exceeds Rs. 10 lacs in a year.
Thanks Chauhan Ji,
So if my total receipt remains under 9 Lakhs. I need not to worry about service tax.
Please confirm this becuase i am very anixuios & afraid from this Taxation issue
I had never billed this kind of amount .
Thanks for your valueable response ...
CAclubindia
