Service tax input on collection commission
This query is : Resolved
23 October 2008
Hi all,
Acutally bank charges a commission on collection of amount through credit cards. Furthur on that commission plus ST is also charged by the bank.
i)Can we avail the input credit on ST charged by bank?
ii) Do we need to deduct TDS on Commission paid to the bank?
Hi all,
Acutally bank charges a commission on collection of amount through credit cards. Furthur on that commission plus ST is also charged by the bank.
i)Can we avail the input credit on ST charged by bank?
ii) Do we need to deduct TDS on Commission paid to the bank?
Ram Avtar Singh
(Expert)
23 October 2008
You can avail service tax credit
no TDS to be deduct on govt.body.
no TDS to be deduct on govt.body.
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