Service tax on chit fund
This query is : Resolved
siva nagi reddy .p
(Querist)
10 June 2015
with effect of amendement in finance act 2015,
chit fund business liable for service tax with out any abtement ,
my query is whether service tax is is on entire installment of chit or on commission to foreman
chit fund business liable for service tax with out any abtement ,
my query is whether service tax is is on entire installment of chit or on commission to foreman
CMA MALHAR BEHERA
(Expert)
10 June 2015
Abatement is being withdrawn from chit fund service. Consequently, service tax shall be paid by the chit fund foremen at full consideration received by way of fee, commission or any such amount.
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