Regarding service tax libility
This query is : Resolved
04 July 2013
DEAR SIR,
A COMPANY APPOINT A BROKER FOR SELL PRODUCT IN THE MARKET.
HE SOLD RS.15LAKHS AND TAKE CHEQUE IN OWN NAME AND TRANSFER TO THE COMPANY.
FURTHER COMPANY RS. 1LAKH AS A COMMISSION.
NOW QUESTION ARISE THAT LIBILITY OF SERVICE TAX ??????
WHETHER SERVICE TAX PAY COMPANY OR BROKER
A COMPANY APPOINT A BROKER FOR SELL PRODUCT IN THE MARKET.
HE SOLD RS.15LAKHS AND TAKE CHEQUE IN OWN NAME AND TRANSFER TO THE COMPANY.
FURTHER COMPANY RS. 1LAKH AS A COMMISSION.
NOW QUESTION ARISE THAT LIBILITY OF SERVICE TAX ??????
WHETHER SERVICE TAX PAY COMPANY OR BROKER
04 July 2013
Broker will have to pay
05 July 2013
on how much amount broker pay service tax either rs. 15 lakh or 1 lakh
05 July 2013
On 1 lakh, as 15 lakh is in relation with sale of product. From your query it is not clear why the cheque was in name of broker.
Even if the the broker is purchasing goods from you and then selling it, the said activity will fall under Trading. Trading is not liable to Service Tax.
Even if the the broker is purchasing goods from you and then selling it, the said activity will fall under Trading. Trading is not liable to Service Tax.
11 July 2013
ok..........
thanks a lot
thanks a lot
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
