Srrice Tax for Legal Servicess
This query is : Resolved
17 August 2009
Can any one sugest when service tax Registration Required for Legal Service Provider.
Girja Tripathi
Girja Tripathi
17 August 2009
I am not sure but i think the treshhold is turnover of Over Rs 8 cr
17 August 2009
If the value of service provided exceeds Rs. 9 lakhs, the service provider has to take registration for service tax. Ref:- CBSE NOTIFICATION NO 9/2008 DATED 01/3/2008.
17 August 2009
Hi B.Chackrapani Warrier , As far as i read it was increased to 8 cr from the earlier limit of 7 cr. Plese make me clear.
17 August 2009
Uptil now service tax is not to be levied on legal services, so registration is not necessary for the service provider. but as per Finance bill 2009, Legal services are covered in service tax perview. Exemption is granted to Individual service provider & receiver means even if one of the party (i.e. service receiver or service provider) is individual, service tax is not liable for these services. as such services are covered in finance act by way of ammendment the threshold limit as specified in CBSE NOTIFICATION NO 9/2008 DATED 01/3/2008 of Rs 9 Lacs is attacted. If the value of service provided(Taxable as well as exempt) exceeds Rs. 9 lakhs, the service provider has to take registration for service tax.
18 August 2009
First of all whether the advocate can be called a business entity is to be decided.
Second the legal firm provides services to individuals then again not liable. Only services to other business entities are liable.
Thirdly if liable the service is not still notified from any date.
Fourthly from the notified date, the exemption of Rs. 10 Lakhs under Not.6/2005 can be claimed. If likely to cross the limit then apply for regsitration once the value of taxable services provided ( from date to be notified onwards ) reaches Rs.9 Lakhs.
Second the legal firm provides services to individuals then again not liable. Only services to other business entities are liable.
Thirdly if liable the service is not still notified from any date.
Fourthly from the notified date, the exemption of Rs. 10 Lakhs under Not.6/2005 can be claimed. If likely to cross the limit then apply for regsitration once the value of taxable services provided ( from date to be notified onwards ) reaches Rs.9 Lakhs.
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
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Gst input for FY 23-24
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
