Service tax on rental income

This query is : Resolved

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

SANJAY VERMA

SANJAY VERMA (Expert)
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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.