Service tax on rental income

This query is : Resolved

Jairam (Querist)
Follow

23 September 2008 Ours is a banking company. The bank receives commision on d clients it refers to the other finance company.
Does it have to pay service tax on its commision receipts?

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

23 September 2008 commission bill should be issued with service Tax & after collecting payment of Bill service tax to be paid to Government.

Jitender

Jitender (Expert)
Follow

23 September 2008 it is outside the purview of business auxiliary services ,therefore no service tax is payable.

SANJAY VERMA

SANJAY VERMA (Expert)
Follow

23 September 2008 If the total reciept liable for service tax exceeded the specified limit during the preceding year or is likely to exceed in curren year, then yes.

CMA Gul S

CMA Gul S (Expert)
Follow

23 September 2008 No Service Tax is payable

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

MAHESHA RAMANNA

Sivakumar

CA Damodaram

prashant

Amirthalingam

Subscribe Now

Service tax on rental income

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA