Commission Income

This query is : Resolved 

30 September 2009 One of the partnersip firm having automobile business.Alongwith this firm is doing insurance business .It has no specific agent code , someone else i.e other agent is taking insurance for firms customers, for that certain percentage of premium tranfer to firm as payout commission.Whether firm is liable to pay service tax on payout commission ? Kindly provide refrence of section and notification in your answer.
Thanking You.

21 October 2009 Service Tax is applicable only after Gross Receipts above 10 lacs per annum.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries