Query regarding filling

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2016 I am having query that if an individual takes commission (i.e after deducting TDS) from a local private company, so is he require to show the commission as an income for filling his service tax return.

Individual is not a commission agent.

Please advise.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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19 April 2016 For service tax it is required to cross 7 lacs for registration and after 10 lacs for payment of service tax.

CA. Chikkerur C R

CA. Chikkerur C R (Expert)
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19 April 2016 Commission is also a service charge under Service Tax. you are required to disclose based on total receipt and billing

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Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2016 Whether the purpose for which reason commission is received.
Eg: Rs 450000/- commission is received after deducting Rs 5000/- towards TDS

CA Pradeep Sharma

CA Pradeep Sharma (Expert)
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19 April 2016 Commission received is nothing but for providing services hence liable for service tax after prescribed limit

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
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19 April 2016 Since your Commission Income is less than Rs.9 lakhs and assuming you are not providing any other taxable service, you are well below the threshold limit and not subject to Service Tax. But if your taxable services exceed Rs. 9 lakhs, it is mandatory for you to get registered with the Central Excise Authorities and once your turnover exceeds Rs.10 lakhs, start collecting the service tax and remitting the same to the credit of the Government. You will also be liable to file half-yearly ST - 3 Returns and w.e.f. from F.y 2015 - 16 also an annual return on the date to be notified.