Exemption In Legal Sector [ Entry No. 45 ] - GST Ready Reckoner - GST

Exemption In Legal Sector Exemption Entry 45 Exemption is provided to services provided by an arbitral tribunal to - any person other than a business entity ; or a business entity with a turnover up to up to such amount in the preceding financial year as makes it eligible for exemption from registration under CGST Act 2017 As per para 2(i) Arbitral tribunal Means section 2(4) of Arbitration and Conciliation Act, 1996; arbitral tribunal means a sole arbitrator or a panel of arbitrators Service exemption notification has defined advocate as under As per para 2(b) advocate Means has the same meaning as assigned to it in section 2(1)(a) of the Advocates Act, 1961; As per para 2(n) Business entity Means any person carrying out business; Exemption is granted to services provided by an individual as an advocate or a partnership firm of advocates other than a senior advocate, by way of legal services to,- an advocate or partnership firm of advocates providing legal services ; any person other than a business entity; or a business entity with a turnover up to up to such amount in the preceding financial year as makes it eligible for exemption from registration under CGST Act 2017 the Central Government, State Government, Union territory, local authority, Governmental Authority or Government Entity; Legal Service provided by Individual or a partnership firm of advocates other than senior advocates Any other entity To an individual advocate or a partnership firm of advocates providing legal services Exempt Taxable To a Business entity with turnover more than 10 Lakhs Taxable Taxable To a Business entity with turnover less than 10 Lakhs Exempt Taxable To any other person Exempt Taxable Exemption is grant services provided by a senior advocate by way of legal services to - (i) any person other than a business entity; or (ii) a business entity with an aggregate turnover up to such amount in the preceding financial year as makes it eligible for exemption from registration under the CGST Act, 2017. (iii) the Central Government, State Government, Union territory, local authority, Governmental Authority or Government Entity.