Applicability of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2011
An life insurance agent of life insurance corporation of india got commission of Rs. 10.50 annualy in fin year ended 31.3.2011
Is he liable to deposit the service tax or some provision is there that lic will deposit the same
Pl clarify
Punish
Is he liable to deposit the service tax or some provision is there that lic will deposit the same
Pl clarify
Punish
23 August 2011
it has been provided in the Service Tax Rules that the person liable to pay service tax will be the concerned insurance company who has appointed the agent. Notification no. 5/2001-ST refers.
https://www.eximkey.com/contents/showpage1.asp?pageid=8746
https://www.eximkey.com/contents/showpage1.asp?pageid=8746
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
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- Sale of Mutual Funds In Diffirent Financial Years
- Missed TDS
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Short Term Gain Reporting ITR
- ITC BENEFIT ON BROKRAGE PAID
- Old Traces Portal
- Multiple payment of self assessment tax for A Y 2025-2026
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
