Exemption on commission

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..... Exemption on commission
Query (Issue) Started By: - gulbir Dated:- 16-5-2007 Last Reply Date:- 2-6-2007 Service Tax
Got 2 Replies
Service Tax
An agent of a bank providing marketing servic .....

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..... es is getting a commission of 4.50 lac per annum. Is there any exemption from service tax available to him. Reply By avadh sharma: The Reply: For the Financial Year 2006-2007 First Rs. 4,00,000/- are .....

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..... not taxable - provided he does not have nay other taxable services. On balance also all service tax input available under Cenvet credi rules are available. For the Financial Year 2007-2008If he is a .....

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..... new assessee No Service tax is payable. Avadh Reply By Ramanujam V: The Reply: The service per se fall under Business auxiliary service. However, from 1.4.07, threshold limit of service tax exemptio .....

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..... n is increased to Rs.8.00 lakhs per annum from Rs.4.00 lakhs. This is an optional exemption available for small service providers, upto which no service tax is chargeable/payable.
Discussion Forum .....

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..... - Knowledge Sharing .....

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