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Building Contractors’ services below or upto Rs 4 million are exempt

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]

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