What are the provisions related to Chartered Accountant?


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Practicing Chartered Accountant
(a) Date
This service became taxable w.e.f. 16.10.1988.
(b) Taxable Service
Taxable service, in this case, means any service provided
 To any person,
 By a practicing chartered accountant
 In his professional capacity,
 In any manner
(c) Definition : “Practising Chartered Accountant” is a person who is a member of the
Institute of Chartered Accountants of India and is holding a certificate of practice
granted under the provisions of the Chartered Accountants Act, 1949 and includes
any concern engaged in rendering services in the field of chartered accountancy.
(d) Scope : The services which a practicing Chartered Accountant provides in his
professional capacity are: Auditing services; Accounting services; statutory
certification work; Taxation Consultancy; Investigation; Share Valuation etc.
(e) Value : In the case of practicing Chartered Accountant, value of taxable service shall
be the gross amount charged by the service provider for such services rendered by
him.

(f) Exemptions And Exclusion : The statutory representative services provided or to
be provided by a practicing chartered accountant in his professional capacity are
exempt, if all of the following conditions are fulfilled: –
 Such service is representative service
 The representative service should be before any statutory authority on behalf of
the client.
 It should be in the course of any proceeding under any law.
 The proceedings have been initiated by issue of a notice.


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