Service tax on rental income
This query is : Resolved
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?
Does it have to pay service tax on its commision receipts?
Ram Avtar Singh
(Expert)
23 September 2008
commission bill should be issued with service Tax & after collecting payment of Bill service tax to be paid to Government.
23 September 2008
it is outside the purview of business auxiliary services ,therefore no service tax is payable.
SANJAY VERMA
(Expert)
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.
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