banner_ad

Service Tax Notfication and Finance Bill contradicts

This query is : Resolved 

08 July 2009 Under Finance Bill (2) 2009 - two taxable services namely transport of goods by road and commission paid to foreign agents have been exempted from the leavy of service tax, if the exporter is liable to pay service tax on reverse charge basis. The present cap of 10% on commission agency charges has been retained, and the exporter will have to pay service tax on the amount of commission which is in excess of 10%. Explanatory Notes mentioned in Finance Bill 2009.

The exemption shall be limited to 1% of the FOB Value of export goods for which the said service has been used. Notf 18/2009 dt 07.07.2009.

Which one is to be followed or the Notification is to be amended ?

Welcome the comments of Experts.
Thanks,
S. Banerjee

13 July 2009 It is found that there is discrepancy in finance bill and Notification and as per my view the limit specified in Notification 18/2009 should be considered. There is possibility of clerical error.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details