service tax on commission

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..... service tax on commission
Query (Issue) Started By: - satbir singh wahi Dated:- 1-12-2014 Last Reply Date:- 23-12-2014 Service Tax
Got 3 Replies
Service Tax
Is there service tax on commis .....

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..... sion received from Omax Ltd for sale of flats. Though annual total receipt of commission is less than 9 lacs.Whether 10Lacs basic 1st year exemption is available. Reply By Rajagopalan Ranganathan: Th .....

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..... e Reply: Dear Mr. Wahi, Commission earned by you is the value of service rendered by you. Therefore if value service rendered in the previous financial year is less than ₹ 10 lakhs you need n .....

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..... ot pay any service tax. If you are new service provider or provide the service for the first time you have to file a declaration with the department stating that to value of service to be provided by .....

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..... you is not likely to exceed ₹ 10 lakhs during the financial year. Reply By Naveed S: The Reply: Yes Sir, 10 Lacs exemption in the first year is available, as explained above. If commission re .....

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..... ceived is less than Rs. 9 lacs, then no need for registration nor payment of service tax. Reply By satbir singh wahi: The Reply: commission is received from Omax Ltd ( branded service) so basic exem .....

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..... ption not available.For commission other than branded the limit of 10 Lacs will be there.
Discussion Forum - Knowledge Sharing .....

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