Applicability of service tax on marketing
This query is : Open
vishnuvardhana reddy
(Querist)
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
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CA R SEETHARAMAN
(Expert)
14 June 2016
Service tax applicable on this commission.
vishnuvardhana reddy
(Querist)
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
vishnuvardhana reddy
(Querist)
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
vishnuvardhana reddy
(Querist)
14 June 2016
Is there any exemptions or abatements available
Sanjeeve Narayanan R
(Expert)
15 June 2016
you need to collect service tax on commission amount and paid to govt after adjusting input if any.
CA R SEETHARAMAN
(Expert)
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.
vishnuvardhana reddy
(Querist)
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
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