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Aggregate Taxable value , Service Tax |
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Aggregate Taxable value |
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We have to pay commission to our C&F agent @2% on net sale value i.e. net sale value is 1000000 and his commission is Rs.20000 (2%) My question is which is agreegrate taxable value of C&F agent? Is it Rs.1000000 or 20000?(commission)any one can guide me?
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Service Tax is payable on Rs. 20,000/- only. Rs. 10,00,000 represents only value of sale and not any service.
It is Rs.20000/- on which service tax @12.24% (including e.cess) is payable.
Dear Vijay,
As you may be aware, C&F, in layman language is known as Aaratiya.These aaratiyas are of two types: Kacha and pakkaa. In case of pakkaa even income tax law guides that turnover shall include the amount of sales i.e 1000000 as in your case. however, service tax covers only those aaratiyas or c&fs who are not pakkaa. therefore feel free tax is to be paid @ 12.24% on 20000 only.
It is Rs 20000 only. The sales he made is on behalf of principle company only and not his sales
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