2006-07-05 23:20:54 · 8 answers · asked by Namita B 1 in Business & Finance ➔ Taxes ➔ India
"Consulant" is a generalised term. Even a Doctor can be a consultant. Advocates major income is from Retainerhips only. Though these people are consultants as well as work on Retainers neverthless they are not liable to pay any service tax.
You have look into specific section of Finance Act, 1994 to assess your service tax liability. Managament Consultants, Finance Consultants falls under the preview of Service Tax.
Please consult your CA to assess your actual ST liability, if any.
CA. Deepak Bholusaria
2006-07-07 08:32:48 · answer #1 · answered by DeepakB 3 · 0⤊ 0⤋
Yes, consultancy and Retainership services fall within the purview of Service Tax Act. You will have to get yourself registered with Service Tax authorities, charge 12.24% (12% + 2% Education cess) to customers and pay the tax to government.
2006-07-05 23:33:01 · answer #2 · answered by Geepee 5 · 0⤊ 0⤋
Service taxes are to be collected from end users by service providers and deposit to government. It is an indirect tax and service providers have no role in it except to collect it and deposit to government. Even prepaid users pay service tax. How much profit they may be making, it is not for operators to pay this tax.
2016-03-27 05:57:44 · answer #3 · answered by Anonymous · 0⤊ 0⤋
you have not mentioned the industry to which you would provide services. but for most of the services you will have to pay service tax.
2006-07-05 23:27:47 · answer #4 · answered by apurav a 3 · 0⤊ 0⤋
yes
2006-07-05 23:24:23 · answer #5 · answered by michimichi 1 · 0⤊ 0⤋
yes
2006-07-05 23:22:48 · answer #6 · answered by ajdj9 2 · 0⤊ 0⤋
Y E S
2006-07-12 00:16:39 · answer #7 · answered by PK LAMBA 6 · 0⤊ 0⤋
Yes if you are a technical consultant., please provide more detials about your job etc.,
2006-07-05 23:56:12 · answer #8 · answered by vmp 2 · 0⤊ 0⤋