Pure agent

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24 July 2014 what meaning of 'PURE AGENT' in service tax

CA Shashank Jain

CA Shashank Jain (Expert)
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24 July 2014 'pure agent' means the person who procures services on behalf of his client, while providing his own taxable service. In other words, he is the mediator between some service provider and his client. The value of such service procured on behalf of client is excludable from taxable value for payment of service tax, if and only if (i) that service provider charges the client directly, (ii) pure agent does not holds right of such services (iii) pure agent receives the actual amount of such service from the client.

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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2014 what meaning of Cenvat credit?

CA Shashank Jain

CA Shashank Jain (Expert)
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24 July 2014 Cenvat Credit is a scheme where the manufacturers or the OSP(output service providers) are allowed a set off of the taxes paid on the inputs or the input services that are used while manufacturing the final products or providing the output service.