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Do i have to pay service tax as Consultant/Retainer? |
Do i have to pay service tax as Consultant/Retainer? "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 Bholusariayes 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. CA 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. Yes if you are a technical consultant., please provide more detials about your job etc., |
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