Applicability
This query is : Resolved
05 September 2007
with due respect,
i want to know wether Servitax is applicable on brokerage of "Soya DOC"(Oil Cake)by a proprietory firm or not
if any cleri./notification/caselaws then please refer me
thanks
i want to know wether Servitax is applicable on brokerage of "Soya DOC"(Oil Cake)by a proprietory firm or not
if any cleri./notification/caselaws then please refer me
thanks
05 September 2007
please suggase me
05 September 2007
b
10 September 2007
I think the brokerage is also termed as Commission and will attract the Service Tax.
Please refer this
In the Budget 2003-04 seven more services along with extension to three existing services have been added to the tax net which are listed below. The levy of service tax on these services is effective from 1st July, 2003.
(52). Commercial vocational institute, coaching centres and private tutorials
(53). Technical testing and analysis (excluding health & diagnostic testing) technical inspection and certification service.
(54). Maintenance & repair services
(55). Commission and Installation Services
(56). Business auxiliary services, namely business promotion and Support services (excluding on information technology services)
(57). Internet café
(58). Franchise Services
The rate of Service Tax was increased from 5% to 8% on all the taxable services w.e.f. 14.5.2003.
I think the brokerage is also termed as Commission and will attract the Service Tax.
Please refer this
In the Budget 2003-04 seven more services along with extension to three existing services have been added to the tax net which are listed below. The levy of service tax on these services is effective from 1st July, 2003.
(52). Commercial vocational institute, coaching centres and private tutorials
(53). Technical testing and analysis (excluding health & diagnostic testing) technical inspection and certification service.
(54). Maintenance & repair services
(55). Commission and Installation Services
(56). Business auxiliary services, namely business promotion and Support services (excluding on information technology services)
(57). Internet café
(58). Franchise Services
The rate of Service Tax was increased from 5% to 8% on all the taxable services w.e.f. 14.5.2003.
10 September 2007
effective 1 st july 2003- notification no 7/2003-st- dt. 20 th june 03 -business aux. services are taxable. .this includes services as commssion agent-who causes sale-purchase--collection on behalf of another person.
exemption limit is RS. EIGHT LACS Per annum and current service tax rate is 12.36%
C.A.R.V.RAO
exemption limit is RS. EIGHT LACS Per annum and current service tax rate is 12.36%
C.A.R.V.RAO
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Relief u/s Section 89
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
