Applicability

This query is : Resolved

neeraj gupta (Querist)
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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

neeraj gupta

neeraj gupta (Querist)
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05 September 2007 please suggase me

neeraj gupta

neeraj gupta (Querist)
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05 September 2007 b

Nitesh

Nitesh (Expert)
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10 September 2007 as per my view it is cover under service tax.

CMA Gul S

CMA Gul S (Expert)
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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.

R.V.RAO

R.V.RAO (Expert)
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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

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