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Amount consideration

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..... Amount consideration
Query (Issue) Started By: - D.V.GUPTA Dated:- 1-6-2009 Last Reply Date:- 4-6-2009 Income Tax
Got 1 Reply
Income Tax
one of my client is a CUSTOM HOUSE AGENT. HE IS PA .....

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..... YING FREIGHT AS WELLAS OTHER EXPENSES ON BEHAF OF HIS CUSTOMERS. HE BILLED THE CUSTOMER FOR EXP. INCURRED ON THEIR BEHALF AND PROFESSIONAL CHARGES FOR HIS WORK. KINDLY ADVISE WHETHE WE SHOULD TAKE THE .....

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..... GROSS AMOUNT FOR SAL/ RECEIPT OR ONLY PROFESSIONAL CHARGES Reply By Mukesh Kumar: The Reply: As per the provisions of service tax, the expenses incurred in the capacity of pure agent are not forming .....

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..... part of gross amount charged for providing taxable services. You need to visit the terms and conditions of your contract to ascertain the facts. whether CHA is earning any profit out of the expenses .....

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..... incurred on behalf of the client is a substantial and crucial point which helps to determine the issue.
Discussion Forum - Knowledge Sharing .....

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