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