implenet of Serice Tax on DSA(Direct Sales Agent)
This query is : Resolved
18 February 2008
hi
one of my freind is doing DSA business with a reputed bank
my querry is that as he is provding service he is covered under service tax net but when he apporoch to the customers for service tax the bank said that u can't charge serv. tax to customers as the customers relate to bank and not to them on the other hand service tax authority say you should charge service tax.
Bank simply providing them commission after deducting TDS pls.help me in this regard as soon as possible........
Thanks
one of my freind is doing DSA business with a reputed bank
my querry is that as he is provding service he is covered under service tax net but when he apporoch to the customers for service tax the bank said that u can't charge serv. tax to customers as the customers relate to bank and not to them on the other hand service tax authority say you should charge service tax.
Bank simply providing them commission after deducting TDS pls.help me in this regard as soon as possible........
Thanks
18 February 2008
Your freind is serving the bank i.e he is providing service to the bank
Your friend cannot charge to the bank clients as they are not his customers
The commission received by your freind is covered under business auxiliary services hence liable to pay service tax on commission income only
Hope this clarifies your inquiry
Your friend cannot charge to the bank clients as they are not his customers
The commission received by your freind is covered under business auxiliary services hence liable to pay service tax on commission income only
Hope this clarifies your inquiry
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