06 October 2012
I want to know about how turnover should be determined for claim exemption in case of civil contractor providing service with material. As per maharashtra vat act he has to pay works contract on 70% contract value & service tax on balance 30%, but i want to know if above 30% is not exceeds Rs. 10 lakhs then whether it is correct to claim SSP expemtion under service tax. Total contract value is 30 lakhs out of this Rs. 9 lakhs is labour portion which is attributable to service tax then exemption allowed or not, please clearify in detail which will very helpful for me. Thanking you in anticipation
07 October 2012
Where the separate contract for material 21 lakhs and 9 laksh for labour exists then the exemption would be available. Composite contracts claiming the same maybe disputable.