SRB through its notification no SRB 3-4/10/2016 dated June 28th, 2016 exempt the Services provided or rendered by a contractor of building (including water supply, gas supply and sanitary works), or of electrical and mechanical works (including air conditioning), or of multi-disciplinary works (including turn-key projects) and similar other works, subject to the condition that the annual turnover of the person providing or rendering the contractor service does not exceed Rs. 4 million in a financial year. [Tariff Heading No. 9814.2000]
It means that contractors invoicing revenue up to Rs 4 million or less are not required to be registered with SRB.
Source of above is SRB notification as mentioned above which may be further amended by the SRB in accordance with law without any prior intimation, therefore it is advised that readers should read original or consult us for the validity of the rates before any activity is performed based on above.
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