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Commission received in kind

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 November 2011 If commission is received in the form of materials(kind) whether service tax is payable ?.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
12 November 2011 Yes..you have to recognise the monetary value of that consideration..and as applicable service tax is payable

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