R. MANI (SELF) 19 May 2011
If an individual lawyer provides following services, will it be correct to say that he is not liable for any service tax?
Rs.5 lacs Individual to individual (No service tax)
Rs.5 lacs Individual to Business entity (advice, consultancy and assistance) (No service tax)
Rs.9 lacs Individual to Business entity (representation service before sourt)(Less than the limit of taxable service of Rs.10 lcs).
Pl specify.
hemant (CA) 20 May 2011
Hi mani
yes service tax is not payable.
Rs.5 lacs Individual to individual no service tax
Rs.5 lacs Individual to Business entity (advice, consultancy and assistance) (Service tax payable)
Individual to business entity for representing no service tax
So, overall amount taxable is Rs. 5 lacs less than basic examption limit so no service tax payable
sandeep chandrakant gurav (SENIOR ACCOUNTS OFFICER) 21 May 2011
hi,
this is sandeep,
please send me service tax rateon consultancy charges of the lawyers.
regards
sandeep
hemant (CA) 21 May 2011
Basic service tax rate in 10%
Add: Education cess @2%
Add: SHEC @1%
so net effective rate is 10.3% including Cess and SHES
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