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Service Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Classification of taxable services - When 99% of the commission ...


Clarifying Taxable Services: Predominantly Underwriting Commissions Are Not Taxed Under Banking and Financial Services.

March 4, 2017

Case Laws     Service Tax     AT

Classification of taxable services - When 99% of the commission is towards underwriting services, remaining 1% commission will not determine the essential nature of commission service - said services of underwriting cannot be taxed under Banking and Financial Services - AT

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