Service tax on commission from goods transport agency
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2013
we get commission as per tender from hpcl as input output stock management.
i.e. we maintain stocks of hpcl and get commission.
should I pay service tax, if yes, how should I raise invoice and how can I take cenvat credit ?
i.e. we maintain stocks of hpcl and get commission.
should I pay service tax, if yes, how should I raise invoice and how can I take cenvat credit ?
RENGARAJ R.K
(Expert)
30 January 2013
The first thing is your turnover of commission amount should be more than 10 lacs in a year. Next, if your entire service is only commission, you can get cenvat credit on all input service bills, like, telephone, courier, audit fees and all eligible inputs used in relation to your output services.
Take RC and raise bill for commission amount, monthly or fortnight adding service tax @ 12.36% indicating your RC number
Take RC and raise bill for commission amount, monthly or fortnight adding service tax @ 12.36% indicating your RC number
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
