Question ID : 324

WHETHER A RETAINER C.A. LIABLE FOR SERVICE TAX

PRACTICG C.A.IS A DIRECTOR A PVT. LTD.WHO IS A PARTNER ONE FIRM.COMPANY HAS APPOTED THIS DIRECTOR AS AUTHORISED SIGNATORY WHO ACCEPTS PROFESSIONAL CHARGES FROM THE FIRM ON MONTHLY AERSHIP BASIS.HE SIGNS AS FOR PARTNER .. FOR PVT.LTD. .. DIRECTOR.WHETHER THIS WILL BE LIABLE FOR SERVICE TAX WHEN RECEIVED ON MONTHLY BASIS.HE CAN NOT TERM THIS RECEIPT AS A DIRECTORS REMUNERATION BEG A PRACTICG C.A. (EVEN THOUGH SERVICE TAX IS NOT APPLICABLE ON IT)& MALY IT IS NOT RECEIVED FROM THE COMPANY. VIDE NOTIFICATION NO.57,98-ST DATED 7,10,98(APPE.23.1)ONLY AUDITG & ACCOUNTG FUNCTIONS OF A C.A. ARE SUBJECT TO S.TAX. WHICH THIS CASE ARE NOT PROVIDED BY HIM AT ALL BUT AUDITORS & STAFF ARE THERE TO TAKE CARE OF IT. '

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