Service tax on commission

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Service tax on commission
Query (Issue) Started By: - Kuldeep Jain Dated:- 18-3-2008 Last Reply Date:- 21-3-2008 Service Tax
Got 1 Reply
Service Tax
An oil company is recovering from its .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... customers, the amount it paid to bank for clearance of outstation cheques.Amt recovered is greater than the amt paid to bank.Bank is charging service tax on the commission portion of the amt.Whether t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he bank is right in its approach? If yes , under which service head it is charging? Also whether co. should in turn charge service tax? If yes, on which amt. and under which head? Reply By Surender G .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... upta: The Reply: The activity of charging commission by bank is subject to service tax. Accordingly bank is right in charging service tax. However, your activity would also be subject to tax if falli .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng under the taxable provisions of the Finance Act, 1994.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X