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.
Click here to login now
Similar Resolved Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Taxable or Tax exempt
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- CREDIT NOTES WITHOUT GST
- DIN reactivation
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Capital gain on sale and purchase of plot
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
