Regarding registration
This query is : Resolved
ANKIT PORIYA
(Querist)
06 June 2016
I want to know I am earning income on commission basis from different segment like MF Commission,IPO Commission,
Life & Gen.Insurance Commission gross commission goes up to Rs.2500,000 and more so what is rule for service tax and who pay service tax ?? commission Receiver or Payer.
Life & Gen.Insurance Commission gross commission goes up to Rs.2500,000 and more so what is rule for service tax and who pay service tax ?? commission Receiver or Payer.
CA R SEETHARAMAN
(Expert)
06 June 2016
Only for insurance commission the service receiver is liable. You are liable for service tax on other commission.
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