Service tax applicable
This query is : Resolved
24 January 2011
Is service tax applicable,when a indian company receives professional fees from a UK company.
if yes who will bear the service tax
Please reply ASAP
if yes who will bear the service tax
Please reply ASAP
CA.Hanumantha Reddy
(Expert)
24 January 2011
yes, there is a service tax and Indian company has to pay ST
24 January 2011
Service tax is not applicable on professional fees.
CA.Hanumantha Reddy
(Expert)
24 January 2011
Hi Shailesh, Could you pls give me the more clarity in this regard. Why the professional fees are not liable for ST. Are there any notifications, exemptions, etc.
Anirudha:
Pls give me more clarity with regard to your professional fees. i.e. what type of professional fees you are being received.
Anirudha:
Pls give me more clarity with regard to your professional fees. i.e. what type of professional fees you are being received.
25 January 2011
Its a consultancy fees ( Bill received and paid towards professional fees)
CA.Hanumantha Reddy
(Expert)
25 January 2011
Then it is taxable.
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