When a person is receiving commission income for introducing clients to a bank. Does that receipt attracts service tax?
When a person is receiving commission income for introducing clients to a bank. Does that receipt attracts service tax?
Take service tax registration when the commission receipts crosses Rs. 9 Lacs. Start collecting and paying service tax when the commission crosses Rs. 10 Lacs. If the aggregate value of taxable service provided in the preceding financial year exceeded Rs. 10 Lacs, then threshold exemption of Rs. 10 Lacs is not available.
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