Sir.. Service provided by Senior Advocate to individual Advocate or firm of Advocates and vice versa
How to determine taxability in this scenario?
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Quick Summary
This discussion clarifies the taxability of legal services provided between senior advocates and individual advocates or firms. Initially, there was confusion regarding reverse charge liability. However, it's confirmed that under Notification No. 12/2017-CT(R), these services are generally exempted. There are also mentions of aggregate service value limits for IT Act and taxable service value limits annually that may be relevant.
The aggregate of service value must not cross Rs.50 lakhs as per IT ACT and aggregate value of taxable value of service rendered must not cross Rs. 20 lakhs annually .
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