Frequent question: Can an advocate be a GST practitioner?

The memorandum states that the GST provisions that set eligibility criteria, duties and obligations of Goods and Service Tax practitioners do not apply to advocates. However, the GST Practitioner online registration form includes all professionals authorized under Sec. 116.

Can an advocate become a GST practitioner?

Advocates are required to enroll as GST Practitioner in violation of Advocates Act ! Practitioners practicing on VAT field to get themselves enrolled as Goods & Services Tax Practitioners/ GST practitioner online.

Can an advocate be a tax practitioner?

A SALES TAX PRACTIONER AND A LEGAL PRACTITIONER ARE DISTINCT INDIVIDUAL PROFESSIONALS. Section 2(i) of the Advocates Act, 1961 defines the expression ‘legal practitioner’ as an Advocate or vakil or any High Court or a pleader, mukhtar or a revenue agent.

Who Cannot be a GST practitioner?

Basic Conditions for Becoming a GST Practitioner

They should not be adjudged as an insolvent. They should be not be convicted of an offense with imprisonment of two years or more.

Can a lawyer become a tax consultant?

In India, most of the professionals acting as tax consultants are law graduates or persons having professional qualifications. There are no prescribed qualifications to become a tax consultant/ advisor. Individuals with interpretation skills and expertise knowledge in Tax Laws can act as a Tax Consultant.

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How do I become a GST advocate?

A person seeking for GST practitioner license through tax return preparer or the sales tax practitioner route are required to pass the examination conducted by the GST Authority within one year from the implementation of GST.

How do I become a GST practitioner?

GST Practitioner – Application Procedure

  1. Step 1: Log on the website.
  2. Step 2: Click on the Register option.
  3. Step 3: Registration Page appears.
  4. Step 4: Select GST Practitioner.
  5. Step 5: Select the State.
  6. Step 6: Enter the Name.
  7. Step 7: Enter the PAN.
  8. Step 8: Enter the Email ID.

Do advocates pay income tax?

Many of the lawyers opt to practice law. Income derived from practice is taxable under the head of ‘income from profession. … Under the scheme, professionals can file their return declaring 50% of their gross receipts as income (if the professional income is upto Rs.

Who can practice income tax?

Any Individual/Hindu Undivided Family (HUF), who is resident in India and whose accounts are not required to be audited under section 44AB of the Income-tax Act, 1961, or under any other law for the time being in force can furnish his Income Tax Return after getting it prepared through a TRP.

Can a CA be GST practitioner?

However, the legal responsibility of such filings remains with the Taxpayer. For this purpose, GST Practitioners (GSTP) are required to be enrolled with Center or State Authority. CA, CS, CMA, Advocates, Retired Government Officials, and Graduates are eligible to apply for registration.

Can a BCom graduate become a GST practitioner?

According to provisions in GST Act, CA, cost accountants, CS, tax practitioners, advocates, MBA, MCom, BBA and Bcom professionals can file GST returns. Persons holding MBA, BBA, MCom and BCom degrees will have to pass an exam to become GST practitioners independently.

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How much can a GST practitioner earn?

Average GST Practitioner Accountant salary in India is ₹ 2.2 Lakhs for employees with less than 1 year of experience to 4 years. Accountant salary at GST Practitioner ranges between ₹ 1.4 Lakhs to ₹ 2.5 Lakhs. Salary estimates are based on 8 salaries received from various employees of GST Practitioner.

How do I become a tax advisor?

Tax advisors commonly hold at least a bachelor’s degree in accounting, taxation, or a related field of study. A bachelor’s degree in accounting, for example, might include coursework in business taxation, fraud examination, non-profit accounting, and federal taxation.

What is the highest paid lawyer?

Highest paid lawyers: salary by practice area

  • Patent attorney: $180,000.
  • Intellectual property (IP) attorney: $162,000.
  • Trial attorneys: $134,000.
  • Tax attorney (tax law): $122,000.
  • Corporate lawyer: $115,000.
  • Employment lawyer: $87,000.
  • Real Estate attorney: $86,000.
  • Divorce attorney: $84,000.

How can I become a tax consultant after BCom?

Key Points in the process

  1. Complete the 12 years of Schooling.
  2. Earn a graduation in Commerce, Finance, Taxation or related fields.
  3. Study the post graduation course in the respective fields.
  4. Otherwise, pursue the CPA program.
  5. Gain on-the-job training in Taxation law and practice.