ST on commission received
This query is : Resolved
19 June 2017
whether service tax is leviable if a commission agent gives a credit note instead of invoice pls answer urgent
CA R SEETHARAMAN
(Expert)
19 June 2017
Service tax is applicable if a commission agent gives a credit note invoice has to be issued.
19 June 2017
the credit note is given by the other party not the agent ....even in such is it applicable
CA R SEETHARAMAN
(Expert)
19 June 2017
Agent has to issue invoice and pay service tax if total commission for the year exceeds 10 lacs.
19 June 2017
yes,but the invoice hasn't been issued and the other party who took the services issued a credit note and the agent booked the commission based on such credit note .Say me in this case pls
CA R SEETHARAMAN
(Expert)
19 June 2017
You can't escape from statutory liability due to non compliance of provisions.
CA R SEETHARAMAN
(Expert)
19 June 2017
Agent has to pay service tax and issue invoice and collect it from the party paid the commission.
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