service tax on practising chartered accountants
This query is : Resolved
JAGROOP SINGH
(Querist)
01 July 2010
Is a practising chartered accountant in propritorship is exempt from service tax or if not what is the limit of exemption from servce tax on turnover basis.
CA. B.SRINIVASULU
(Expert)
01 July 2010
If the collection is more than Rs.10 Lakhs then only service tax will be attracted eventhough it is propritorship firm.
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CA Mihir Shah
(Expert)
01 July 2010
hi jagroop,
even a practising CA is liable for service tax if his gross receipts during the previous financial year exceeds 10 lakhs. he is required to obtain registration if his receipts exceeds 9 lakhs.
even a practising CA is liable for service tax if his gross receipts during the previous financial year exceeds 10 lakhs. he is required to obtain registration if his receipts exceeds 9 lakhs.
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