ST on commission received

This query is : Resolved 
 

(Querist)
19 June 2017

whether service tax is leviable if a commission agent gives a credit note instead of invoice pls answer urgent


SEETHARAMAN (Expert)

19 June 2017

Service tax is applicable if a commission agent gives a credit note invoice has to be issued.


DHARANI (Querist)
19 June 2017

the credit note is given by the other party not the agent ....even in such is it applicable

SEETHARAMAN (Expert)

19 June 2017

Agent has to issue invoice and pay service tax if total commission for the year exceeds 10 lacs.

DHARANI (Querist)
19 June 2017

yes,but the invoice hasn't been issued and the other party who took the services issued a credit note and the agent booked the commission based on such credit note .Say me in this case pls

SEETHARAMAN (Expert)

19 June 2017

You can't escape from statutory liability due to non compliance of provisions.

DHARANI (Querist)
19 June 2017

so the agent has to pay service tax?

SEETHARAMAN (Expert)

19 June 2017

Agent has to pay service tax and issue invoice and collect it from the party paid the commission.



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


Click here to login now



Similar Resolved Queries :






×
close x
ispeedtax
Download GST App    |    x