MARCH 4, 2011
Service tax on legal consultancy - Dear FM, why to exclude services provided to individuals?
By G P Sastry
BUDGET
2011 has
done so many changes in the field of Central Excise and Customs and these
charges are more than those spelt out in the Budget-2011 speech of the
Finance Minister. The significant changes are, where the details of particulars
and clearances reflected in the regular books are of accounts, but Excise
Duty is not discharged, the maximum penalty imposable is brought down from
100% to 50%.
Similarly, any inputs used in the factory are now entitled for Cenvat Credit
as against usage “in the manufacture of final products whether directly
or indirectly” as existing now. Thus, even a pump used for drawing
water from the borewell or an air condition used in the control room is now
eligible for Cenvat.
Similarly, input services like Rent-A-Cab Services, Mobile Telephones, Video
Conference facilities, etc., are all eligible for Cenvat Credit so long as they
are used within the factory premises.
The biggest change that will have far reaching effect is levy of 1% Excise Duty
on hither to exempted goods including items like fertilizers and common usage
items like slates, flavoured milk, fly ash and tender coconut and the list is
running to 76 items and they are now liable for excise duty without Cenvat Credit
facility on inputs or input services. This is an indirect levy of almost 2% since
the raw material used there for would also attract Excise Duty @ 1%. For instance,
fly ash being the raw material for manufacture of bricks is also liable for 1%
Excise Duty at fly ash stage and finished bricks are also liable for Excise Duty
for another 1% tax and with no Cenvat Credit benefit, the total liability is
almost 2%.
On the Service Tax front, a sea change is brought in by introduction of Service
Tax on hospital services including diagnostic services which is made applicable
for all the hospitals with more than 25 beds. However, central A/C facility is
made as prerequisite for such levy and now we may find many corporate hospitals
going back to window or split A/C system to avoid Service Tax liability.
Similarly, Service Tax is made applicable for Guest Houses, Hotels, bars and
restaurants and it will have a big burden for the industry and uphill task for
the department to ensure total compliance of tax liability. It may be impossible
for the Central Excise and Service Tax department at the present level to monitor
such huge volumes of business without harassment and substantial leakage of revenue
at every stage.
Service Tax on legal profession is also expanded but does not explain why the
legal consultancy provided by an advocate to another individual should be made
outside the purview of Service Tax liability which would only result in undue
wastage of time for verification of records.
Exemption from audit and scrutiny for assesses with less than 60 lakhs annual
turnover is a welcoming feature and retaining the SSI exemption for Central
Excise upto Rs.1.50 crores and Service Tax upto Rs.10.00 lakhs does not carry
any sense more particularly with huge number of services being brought into
Service Tax net and it becomes impossible for the department to manage for
such huge assessee based.