Registration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2014
Dear Sir ,
I am the DSA of commercial vehicle loan with HDFC BANK and getting the commision . Also I am the agent for general insurance . Now Bank is confirming for taking service tax No . My commision for general insurance is around one lac pa.Most probably the DSA Commision might go beyond 10 lac this year .
So I want to confirm that registration willbe done under business auxilliary service as it is taxable .But pls clarify if insurace auxilliary service is to be added or not as income is very low.
Regds
Sushmita
I am the DSA of commercial vehicle loan with HDFC BANK and getting the commision . Also I am the agent for general insurance . Now Bank is confirming for taking service tax No . My commision for general insurance is around one lac pa.Most probably the DSA Commision might go beyond 10 lac this year .
So I want to confirm that registration willbe done under business auxilliary service as it is taxable .But pls clarify if insurace auxilliary service is to be added or not as income is very low.
Regds
Sushmita
Annu Agarwal
(Expert)
02 September 2014
Service tax registration shall be sought for commission both the DCA Commission and insurance commission under the head Business auxilliary services.
Both the commission shall be added for service tax purpose.
Both the commission shall be added for service tax purpose.
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