Applicability of service tax on marketing
This query is : Open
14 June 2016
We are marketing company .. We do marketing of plots in developed layouts .. Developers give plots to us @ 500 per square feet to us and we can sell those to customer at any price more than 500 i .e 600 or 700 per square feet .. Or more . The diff of Rs 100 or 200 ( 600-500)(700-500) is my commission . Sale price is not fixed ,it depends on customer . In this situation service tax is applicable or not . If not how we can show this in books .. Please guide me
Message likes :
1 times
14 June 2016
Service tax applicable on this commission.
14 June 2016
Seetharaman Garu please help me for what amt I need to collect service tax and is there any exemptions or abatements available for this
14 June 2016
Seetharaman Garu . Please help me that at what amt I need to collect service tax and is there any exemptions and abatements available
14 June 2016
Is there any exemptions or abatements available
15 June 2016
you need to collect service tax on commission amount and paid to govt after adjusting input if any.
15 June 2016
No abatement available. If your commission earned per year exceeds 10 lacs you are liable for service tax. You can't collect service tax separately from your customers. Hence back work the service tax on inclusive basis and pay service tax.
16 June 2016
Is there any other method for showing this transaction in Books for reducing the burden of service tax payment on me , which I need to pay from my commission
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Salary and pension received from Asian Development Bank
- What is provisional receipt number for generation of form 16A
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- BIS Certificates
- Scrutiny assessments u/s 143(2) for AY 25-26
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
