Head of service tax

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2012 one my friend B com graduate going to start Tax Consultancy Services and he wants know in which head of service tax he will be taxable.

BITTU SHARMA

BITTU SHARMA (Expert)
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13 July 2012 I THINK THE HEAD OF SERVICES WILL BE CONSULTANCY SERVICES

Arun Gulati

Arun Gulati (Expert)
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14 July 2012 now, with the introduction of taxation based on Negative list, category or heads of service are no more. Your friend has to charge 12.36% on invoice, if his taxable turnover exceeds 10 lakhs.

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2012 Thanks for giving reply but the thing is that in which head he is taxable? and if he is taxable as a consultancy services that means Legal Consultancy Services.