LAWYERS FOR SERVICE TAX
With the increasing influence of service sector in our lives, lawyers for service tax are gaining unprecedented importance nowadays. Service tax is the tax levied on services rendered or enjoyed. When a service is provided there is a service tax charged on it. The service tax may change from service to service, area to area or sometimes is found to be uniform in the entire length and breadth of a nation or region irrespective of the service. Recently, reverse charging has been enabled. In this, if you take services of a foreign firm, then you have to pay the service tax. The foreign firm has no obligation to pay tax in your country. So the tax is deducted from your side.
Service Tax lawyers
Lawyers for Service Tax are essential as they specialize in handling all the matters related to the service tax and get you out of many complicated and technical issues with ease. If you are a part of service industry, service tax is an important concern and needs to be handled carefully as any mismanagement in it can lead to your loss in terms of a heavy fine. Lawyers specializing in tax laws and having experience in service tax matters should be appointed in service industry. Also, a recent change that says that there is reverse charging in terms of services can confuse many. A service tax expert lawyer can help you delineate between such technicalities. Service Tax lawyers must be enrolled in the Bar. They also must have advanced training in taxation.
Anyone can prepare your federal tax returns, etc. however any mistake in it will cost you and not the prepare. So it is advisable to engage services of your service tax lawyer to be solid on the tax as well as legal front. Also a service tax expert lawyer can help you benefit by taking care of legal loopholes, finding out risk areas and opportunities for you. It is especially beneficial for multinational companies as a service tax lawyer can find ways to reduce the tax burden by utilizing tax laws of various countries.