Inclusions / Exclusions of certain service-specific items

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... arged by a broker on the sale or purchase of securities including the commission or brokerage paid by the stock-broker to any sub-broker; the adjustments made by the telegraph authority from any deposits made by the subscriber at the time of application for telephone connection or pager or facsimile or telegraph or telex or for leased circuit; the amount of premium charged by the insurer from the policy holder; the commission received by the air travel agent from the airline; the commission, fee or any other sum received by an actuary, or intermediary or insurance intermediary or insurance agent from the insurer; the reimbursement received by the authorised service station, from manufacturer for carry .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... service provided by Government or a local authority to a business entity where payment for such service is allowed to be deferred on payment of interest or any other consideration . the taxes levied by any Government on any passenger travelling by air, if shown separately on the ticket, or the invoice for such ticket, issued to the passenger; accidental damages due to unforeseen action not relatable to the provision of service; subsidies or grants disbursed by the Government, not in the nature of directly influencing the value of service. ************** Guidance Note 8 of the Education Guide [CBEC] - Valuation 8.6 Cases in which commission, costs etc. received by the service provider will be included .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s of insurance service. In case a landlord who has rented out his office building to a tenant receives compensation from the tenant for the damage caused to the building by an unforeseen action then such compensation would not form part of the value of taxable service related to tenant of his building as an unforeseen damage caused by the tenant is not relatable to provision of service of renting of the office building. 8.6.3. What is the scope of the exclusion entry relating to subsidies and grants disbursed by the Government, not in the nature or directly influencing the value of service? This exclusion entry has also been inserted by the Service Tax (Determination of Value) Second Amendment Rules, 2012. A subsidy influenc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X