Rule 6(3a) -urgent
Querist : Anonymous
I just had the following query with reference to Rule 6(3a) Workings;
First of all i will explain the rules;
Cenvat Credit can be availed only for the Taxable services, for which we have to adopt the following formulae;
Eg:
We have an Outsourcing fees received from Insurance company amounting to Rs.1,00,000
Brokerage received from mutual Fund: Rs.1,00,000
Dividend Income : Rs.50,000
Interest on deposits: Rs. 50,000
Total Credit available : Rs.5,00,000
Question 1: Whether Brokerage received form Mutual fund is exempted or we have to pay service tax on it?
Question 2: Whether Dividen income and Interest on deposits can be completely ignored? I.e while calculating the credit to be utilised a per Rule 6(3a) , Whether Dividend income should also form part of Excluded Income or the amount can be completely ignored?
Querist : Anonymous
Service tax has to be paid on Brokerage Income.
Since Dividend and Interest Income are excluded from Servcie tax perview , 100 % credit can be utilised.
I want the view of others also in this.
Querist : Anonymous
Service tax has to be paid on Brokerage Income.
Since Dividend and Interest Income are excluded from Servcie tax perview , 100 % credit can be utilised.
I want the view of others also in this.
Querist : Anonymous
Service tax has to be paid on Brokerage Income.
Since Dividend and Interest Income are excluded from Servcie tax perview , 100 % credit can be utilised.
I want the view of others also in this.
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