Service tax on professional service

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..... Service tax on professional service
Query (Issue) Started By: - Rajeev Khulbe Dated:- 27-4-2016 Last Reply Date:- 28-4-2016 Service Tax
Got 6 Replies
Service Tax
Good evening to all experts, Can you please tell me in case of service tax on professional service who will pay service tax service provider or service receiver. Can you tell me that what is legal service what is profes .....

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..... sioanal service Reply By Ganeshan Kalyani: The Reply: Sir, Professional service is not enumerated under reverse charge notification, hence service provider is liable to pay the tax. Thanks. Reply By KASTURI SETHI: The Reply: Dear Sh..Khulbe Ji, Some professional services require holding professional licenses such as Chartered Accountant, Cost Accountants, Tax Advisors, Company Secretaries, .....

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..... architects, auditors, engineers, doctors and lawyers. Thus legal service also falls in the category of professional services. Now you may study RCM to know whether any particular service is covered in RCM or not. Reply By surya narayana: The Reply: Dear Friend, While concurring with the views of Sh. Kasturi Sethi Ji, I suggest you to pl. go through the Reverse Charge Notification for better cl .....

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..... arity and also to get your self confirmed whether your so called professional service is covered or not. Further, As stated already legal service also covered under professional services, it is exempted under both mega exemption for specified situation and also under reverse charge except, the services provided by a senior advocate. Best Regards Suryanaryana Reply By Ganeshan Kalyani: The Repl .....

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..... y: Sir, If the service, whether it may be legal or professional service provided by an Advocate or a firm of advocate to a business entity then it will be covered under reverse charge. And if legal service is provided by a qualified professionals other than the advocate then it will not cover under reverse charge and no service tax under RCM. Thanks. Reply By KASTURI SETHI: The Reply: Fantas .....

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..... tic clarification and explanation by both experts. Thanks.Thus I am also reaping the harvest of knowledge through experts. Reply By Ganeshan Kalyani: The Reply: Thanks Sri Kasturi Sir for your complement. Your words of appreciation are like gems to me. Thanks.
Discussion Forum - Knowledge Sharing .....

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