plz reply must
This query is : Resolved
11 December 2010
a company recorded commission Rs. 945000 and rent Rs. 110000.commission was not received in f.y. and rent received rs. 90000 out of 110000.
commission is received next year.
whether the company is liable to registered in service tax and service tax liability arise in previous year.
commission is received next year.
whether the company is liable to registered in service tax and service tax liability arise in previous year.
11 December 2010
As per question , it is not clear whether service tax is payable on commission or rent ? You have not mentioned the nature of transaction.
However, If this is the first year transaction, and amount is taxable, compnay has to be registered under the service tax.
However, If this is the first year transaction, and amount is taxable, compnay has to be registered under the service tax.
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