Service tax on partners of ca firms
This query is : Resolved
19 October 2015
Hi All,
I have a partnership firm (ABC & co) wherein 3 professionals are partners. Now all three of them are having their own individual professional practices and are willing to join hands together for doing some work together in the partnership while carrying on their individual practices. @ out of 3 professionals are not chargeable to service tax in their individual capacities.
Now my question is can the receipts earned by the partners of ABC & Co. in their individual capacities be clubbed with the receipts earned by the firm for the purpose of service tax? (We want to keep them separate.)
I have a partnership firm (ABC & co) wherein 3 professionals are partners. Now all three of them are having their own individual professional practices and are willing to join hands together for doing some work together in the partnership while carrying on their individual practices. @ out of 3 professionals are not chargeable to service tax in their individual capacities.
Now my question is can the receipts earned by the partners of ABC & Co. in their individual capacities be clubbed with the receipts earned by the firm for the purpose of service tax? (We want to keep them separate.)
22 October 2015
No because for registration purpose 'firm' and 'individual' should be treated separately.
Inference :- choice of 'status'given in ST-1.
Inference :- choice of 'status'given in ST-1.
23 October 2015
Thanks for your reply sir.
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