"Do the Right Thing...!!!"
128147 Points
Joined January 2015
Services in wholesale trade. Explanation-This service does not include sale or purchase of goods but includes: � Services of commission agents, commodity brokers, and auctioneers and all other traders who negotiate whole sale commercial transactions between buyers and sellers, for a fee or commission� � Services of electronic whole sale agents and brokers, � Services of whole sale auctioning houses.
SAC Code 9961
Rate(%) : 18
Services provided by foreman of chit fund in relation to chit Explanation.- (a) "chit" means a transaction whether called chit, chit fund, chitty, kuri, or by whatever name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money (or a certain quantity of grain instead) by way of periodical instalments over a definite period and that each subscriber shall, in his turn, as determined by lot or by auction or by tender or in such other manner as may be specified in the chit agreement, be entitled to a prize amount; (b) �foreman of a chit fund� shall have the same meaning as is assigned to the expression �foreman� in clause (j) of section 2 of the Chit Funds Act, 1982 (40 of 1982).
SAC Code 9971
Rate(%) : 12 - with ITC of input services