Query on service tax
This query is : Open
03 August 2011
I have a query on service tax.
If I am collecting income on behalf of a third party on services and then keeping my 25% commission on the same and then reimbursing the remaining 75% to the third party. In that case how much service tax do you I need to deposit.
If I am collecting income on behalf of a third party on services and then keeping my 25% commission on the same and then reimbursing the remaining 75% to the third party. In that case how much service tax do you I need to deposit.
03 August 2011
Service tax applicable on service provided value. if you are providing service and raising the 100 % value of invoice then you need to charge service tax on 100%, and also if the 3rd party raising bill on you with service tax that service tax can be taken as input
12 August 2011
It is apparent that service provided is commission based and therefore covered under either BAS or BSS.Service tax to be paid on value of commission received on service rendered subject to exemption limit.
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
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
