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TMI BlogAggregate Taxable valueX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs.1000000 or 20000?(commission)any one can guide me? - Reply By Surender Gupta - The Reply = Service Tax is payable on Rs. 20,000/- only. Rs. 10,00,000 represents only value of sale and not any ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vice. - Reply By V.K. Verma - The Reply = It is Rs.20000/- on which service tax @12.24% (including e.cess) is payable. - Reply By Brijesh C Verma - The Reply = Dear Vijay, As you may be aware, C&F, in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - Reply By T.SUNDARAM - The Reply = It is Rs 2000 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 only. The sales he made is on behalf of principle company only and not his sales - Aggregate Taxable value - Query Started By: - Vijay Chitte Dated:- 15-5-2006 Service Tax - Got 4 Replies - Servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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