Is service tax applicable on advertising agency ??
This query is : Open
31 October 2012
My client is an advertising agency. he purchases ad space in the newspapers like DNA/HT etc. he sells the space to his clients who want to advertise.
my client pays to the publisher say Rs.180000/- and my client charges to the client Rs.200000/-. his commission is Rs.20000/- only.
my question :
1. is service tax applicable on payment received by my clinet (ad agency) from the person whose goods/services are advertised ? and
2. Rate of service service tax i.e. entire 200000 will be subjected to service tax or only Rs.20000/-. thanks in advance waiting for your reply.
my client pays to the publisher say Rs.180000/- and my client charges to the client Rs.200000/-. his commission is Rs.20000/- only.
my question :
1. is service tax applicable on payment received by my clinet (ad agency) from the person whose goods/services are advertised ? and
2. Rate of service service tax i.e. entire 200000 will be subjected to service tax or only Rs.20000/-. thanks in advance waiting for your reply.
02 November 2012
Hi Abhishek,
ST is to be paid on Rs 2 Lakhs.
ST is to be paid on Rs 2 Lakhs.
18 December 2013
service tax should be on only Rs.20000 i.e on profit margin. and now after negative list ...this service of sale of time slot in newspaper is exempt from service tax.
29 May 2015
sir, could you send me any circular on this to my mail id...sreluri@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
