Is GST applicable for lawyers?

GST is chargeable when a lawyer or law firm provides any kind of legal service to a business entity having an aggregate turnover of Rs. 20 Lakhs or more in the previous financial year. GST on legal services is also chargeable when a senior advocate provides legal service to another advocate or firm of advocates.

What is the GST rate for legal services?

18\%
In case GST is applicable, the GST rate applicable on legal services would be 18\%.

Are lawyers exempted from tax?

Earlier, lawyers needed to file under ITR-4, but now lawyers can file under ITR-4 (Sugam) if they opt to file under presumptive taxation. They can file under ITR-4 (which is renamed as ITR-3 from FY 16-17), if they opt for normal provisions. If not, tax audit is applicable to them.

Do lawyers have to pay tax?

Lawyers have always had to pay income taxes, personal or corporate. If they don’t pay right income taxes, that’s because of evasion or availing of legitimate exemptions.

Do lawyers have to pay service tax?

So billings between Advocates / Law firms is not liable to Service Tax. Services provided by an advocate / law firm to other than business entities. Services provided by an advocate / law firm to small business entities having turnover upto Rs. 10 lakhs in the preceding financial year.

Do lawyers pay tax?

Income tax is different from service tax. Lawyers have always had to pay income taxes, personal or corporate. If they don’t pay right income taxes, that’s because of evasion or availing of legitimate exemptions.

Is advocate income tax free?

As per law, advocates are exempt from paying service tax for services rendered to individuals.

Are lawyers exempted from GST?

What are the GST exemptions available to advocates? a) A senior advocate by way of legal services to any person other than business entity or a business entity with an aggregate turnover upto Rs. 20 Lakhs in the preceding FY.

Is advocates are exempt from tax?

Services by an Advocate / law firm to another Advocate / Law firm is exempted. So billings between Advocates / Law firms is not liable to Service Tax. Services provided by an advocate / law firm to small business entities having turnover upto Rs. 10 lakhs in the preceding financial year.