Friends,
I sale Agro products i.e. Wheat, Rice, Jawari etc on commission basis i.e. goods on behalf of my principal i.e. on consignment basis.
Whether Service Tax applicable to me or not ?
T & R
KP
2 Replies
CA Harshal Pahade
(Professional)
(79 Points)
Replied 05 July 2013
Dear friend,
In my opinion, there is no specific exemptions for sale of agricultural commodities on commission basis. Earlier there was exemption to commission agents via a circular issued in year 2003. However after negative list & mega notification No. 25/2012, there is no specific exptions to commission agent. The only relief is available to Small Service Provided up to service value Rs. 10,00,000/-.
K P BHANUSHALI
(PROPRIETOR)
(512 Points)
Replied 06 July 2013
OK.
That means, if I am having commission income below 10L than there is no need to charge service tax at all.
T & R
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