Recovering agents
This query is : Resolved
08 December 2014
We are Recovering Agents for Various Banks. Our services include possession of properties mortgaged to NPA accounts and bring it them for sale. Though we have registered under Service tax, there is some view that we need not collect service tax for our various services to banks and to remit the same to the deptt. But the same will be paid by Banks itself as in the case of transporters. Kindly clarify the above subject whether it is correct or otherwise. Thanks.
08 December 2014
Your observation is correct.
Ref:- Notification 10/2014 in www.servicetax.gov.in
Ref:- Notification 10/2014 in www.servicetax.gov.in
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11 December 2014
Thank you, Mr. Chackrapani, Sir.
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