Business Auxiliary Service (BAS) - documentation and evaluation service

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..... Business Auxiliary Service (BAS) - documentation and evaluation service
Query (Issue) Started By: - Brijesh Verma Dated:- 2-6-2010 Last Reply Date:- 8-6-2010 Service Tax
Got 1 Reply
Service .....

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..... Tax
Whether loan documentation and evaluation services provided by DSA/DMA of Banks falls under BAS or it falls under BSS. Also whether these services would not get benefit of basic exemption unde .....

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..... r Notification No. 6/2005 being branded service. A quick response from friends is eagerly awaited. Reply By Rama Krishana: The Reply: Where the DSA is representing itself as bank, obviously he is usi .....

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..... ng the brand name of the bank and not entitled for basis exemption of 10 lakhs under notification no. 6/2005. But, if he is representing himself as independent entity and merely a facilitator between .....

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..... the bank and customer, he may avail the benefit of exemption upto 10 lakhs. Regarding classification, loan documentation and evaluation service is depend upon the main service to which this service is .....

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..... related. Since marketing service is falling under BAS, the ancillary service would also fall within the same category.
Discussion Forum - Knowledge Sharing .....

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