Hi Everyone
Will there be any applicability of Service tax on CA Membership fees from 1st July 2012 onwards. Your prompt response shall be highly appreciated.
Regards
Ashish
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 28 June 2012
I had attended a few seminars on service tax. On the same matter, there was a heated discussion. Although nothing fruitful came out, it was hitherto concluded that as of now the membership fees, cpe seminar fees shall not be taxable.
Imagine paying 150 + 12.36% = 168.54 for a seminar. Also the membership fees = 898.88/-.
I dont think it would attract service tax.
But a clarification in this regard is awaited.