Exemption on commission

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..... An agent of a bank providing marketing services 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 .....

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..... Financial Year 2006-2007 First Rs. 4,00,000/- are not taxable - provided he does not have nay other taxable services. On balance also all service tax input available under Cenvet credi rules are avail .....

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..... able. For the Financial Year 2007-2008If he is a new assessee No Service tax is payable. Avadh - Reply By Ramanujam V - The Reply = The service per se fall under Business auxiliary service. However .....

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..... , from 1.4.07, threshold limit of service tax exemption 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 s .....

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..... ervice tax is chargeable/payable. - Exemption on commission - Query Started By: - gulbir Dated:- 16-5-2007 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply pos .....

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..... t by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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