Commission on hiring of motor vehicle
This query is : Resolved
21 November 2012
X company is getting commission income from hiring a motor vehicle to a GTA from a third party. What is the applicability of service tax on this issue? Is there any exemption notification for the above transaction?
CA Ashwani Agarwal
(Expert)
21 November 2012
Since after 01-07-2012, all services (Except the Negative list) are taxable. So is this transaction. And as there is no exemption notification on the same. Hence, ST @ 12.36% will be levied on the same.
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