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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