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 ?
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
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