Concessional rate of service tax newspaper advt. @1.8 %
This query is : Resolved
JIMMY VADERA
(Querist)
07 August 2013
Hello,
My client is charging Service tax @1.8 % on newspaper advertising service. I am not able to search that by which notification they were given advise by some other consultant. Please provide notification number if anyone knows !
My client is charging Service tax @1.8 % on newspaper advertising service. I am not able to search that by which notification they were given advise by some other consultant. Please provide notification number if anyone knows !
RENGARAJ R.K
(Expert)
07 August 2013
The advertising agent is eligible for 15% commission on such advertising service. So, he is collecting 12.36% on 15% of his commission. It works out to 1.8%.
JIMMY VADERA
(Querist)
13 August 2013
How to show same under under service tax return and which notification number has to be mentioned ?
JIMMY VADERA
(Querist)
13 August 2013
Thank you Sir. It would be best if you can guide how to show same under under service tax return and which notification number has to be mentioned ?
RENGARAJ R.K
(Expert)
14 August 2013
I think you are asking the query on behalf of the service provider.
Show the commission amount alone in the taxable turnover column and the service tax as 12.36%. There is no notification necessary for paying full tax. Notn is necessary for abatement or reverse charge.
Show the commission amount alone in the taxable turnover column and the service tax as 12.36%. There is no notification necessary for paying full tax. Notn is necessary for abatement or reverse charge.
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