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Service tax applicable

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(Querist)
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
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
24 January 2011 yes, there is a service tax and Indian company has to pay ST
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
24 January 2011 Service tax is not applicable on professional fees.
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CA.Hanumantha Reddy

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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.
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Anirudha

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Anirudha (Querist)
25 January 2011 Its a consultancy fees ( Bill received and paid towards professional fees)
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
25 January 2011 Then it is taxable.

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