Taxability of practising cost accountant services: professional cost accountancy services attract service tax and recipient scope widened. Services rendered by a practising cost accountant in his professional capacity are taxable as taxable services; the provider is a practising cost accountant (a member holding a certificate of practice) and the recipient classification was expanded from clients to any person. The practising role includes engaging in cost accountancy practice for remuneration, performing costing, pricing, preparation, verification or certification of cost accounting statements, and rendering related professional assistance. A consolidating circular supersedes earlier technical clarifications on scope, classification, valuation, export/receipt, and exemptions.
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Provisions expressly mentioned in the judgment/order text.
Taxability of practising cost accountant services: professional cost accountancy services attract service tax and recipient scope widened.
Services rendered by a practising cost accountant in his professional capacity are taxable as taxable services; the provider is a practising cost accountant (a member holding a certificate of practice) and the recipient classification was expanded from clients to any person. The practising role includes engaging in cost accountancy practice for remuneration, performing costing, pricing, preparation, verification or certification of cost accounting statements, and rendering related professional assistance. A consolidating circular supersedes earlier technical clarifications on scope, classification, valuation, export/receipt, and exemptions.
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