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Work contract under composition scheme

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Dear CA Clubindias Member,

I have a shop where I am doing Engineering Job Work.( Supply of Material and Labour ) as per requirement.

I have registerd under MVAT - Work Contract Composition Scheme.

Now i am billing prepare as follows :-

If Supply of material & Labour - I charged 8% VAT on total Value

If Supply of Only Material - I Charged 8% VAT on Total Value

If Supply of Only Labour - I Charged 0%

I just want to know, when i issu a labour charges bill at that time i dont charged VAT, but can any one let me know the limit of this type transaction ??

Till, how much limit, i will prepare this type of bills, or When i need to take service tax registration.

 

Please help me.

 

Shakir shaikh 

Replies (2)

service tax registration is compulsory for the turnover of rs. 9 lacs and above

Originally posted by : ROHIT CHATURVEDI

service tax registration is compulsory for the turnover of9 lacs and above

Thank You Rohit,

But,

1) Which Turnover consider Only Labour or Supply of Material & Labour - Both

2) If I have not cross the ternover limit i.e. 9 Lacs in a Financial Year then

3) If every year my turnover is around 5 to 7 lakh then ??

Please reply


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