Applicability of service tax
This query is : Resolved
16 August 2010
Hello
A CA firm has taken up consultancy assignment with a company in the areas of accounting, audit and taxation. The scope of work includes mainly, to support the accounts and finance department in replying to various taxation consultants and auditors and provide data to various government agencies. The CA firm is not in an advisory role, neither does it represent the company before any tax authority.
Is the consultancy fees received by the CA firm, from the company covered under service tax net?
A CA firm has taken up consultancy assignment with a company in the areas of accounting, audit and taxation. The scope of work includes mainly, to support the accounts and finance department in replying to various taxation consultants and auditors and provide data to various government agencies. The CA firm is not in an advisory role, neither does it represent the company before any tax authority.
Is the consultancy fees received by the CA firm, from the company covered under service tax net?
16 August 2010
Yes, Fee or Professional & Service / Royalty Covered under 194J, TDS applicable @10% (Exemption limit 30000/= P.A.)
Message likes :
1 times
16 August 2010
Sir
Thanx for your reply. But I wanted to know about the applicability of Service Tax and not TDS
Thanx for your reply. But I wanted to know about the applicability of Service Tax and not TDS
16 August 2010
service tax applicable @10.30% after corssing exemption limit.
(Exemption Limit up to 10 Lack.)
(Exemption Limit up to 10 Lack.)
16 August 2010
I have a doubt whether this kind of service can be considered as management consultancy service, chargeable to tax undet the ST act as there is no certification work nor is there any advisory work involved in the assignment. Can you please give any reference in support of your answer?
17 August 2010
This can be very much a managment consultancy , however not going into that since it is being provided by a CA firm, the service tax will be applicable under " Chartered Accountant's Service"
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
