Service tax on commission

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..... An oil company is recovering from its 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 c .....

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..... ommission portion of the amt.Whether the 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 .....

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..... under which head? - Reply By Surender Gupta - The Reply = The activity of charging commission by bank is subject to service tax. Accordingly bank is right in charging service tax. However, your act .....

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..... ivity would also be subject to tax if falling under the taxable provisions of the Finance Act, 1994 . - Service tax on commission - Query Started By: - Kuldeep Jain Dated:- 18-3-2008 Service Tax - .....

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..... Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - .....

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..... TaxTMI - TMITax .....

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