Notification no 42/2012 exporter
This query is : Resolved
26 July 2012
Dear Sir/Madam,
As per this notification as an exporter can I claim exemption from service tax on commission agent service for my export business out side india. As per this notification ceiling on exempted comission payment is 10% of FOB value, But in my case since i have minimum guarantee caluse in agreement, so at present even if no export i have to remit him comission of 36000 USD. Please guide under which category of service I have to get registration under service tax.
Thanks & Regards
As per this notification as an exporter can I claim exemption from service tax on commission agent service for my export business out side india. As per this notification ceiling on exempted comission payment is 10% of FOB value, But in my case since i have minimum guarantee caluse in agreement, so at present even if no export i have to remit him comission of 36000 USD. Please guide under which category of service I have to get registration under service tax.
Thanks & Regards
Amol S Joglekar
(Expert)
26 July 2012
with effect from 01/07/2012, there are radical changes in service tax. It is better to get registered. Category of service is not required to be stressed by us.
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