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Service tax on commission received by real estate agent?
1.Is service tax aplicable on for commission received by a real estate agent on sale of flats?if yes rate ?
2.what will be the implication in the hands of a service receiver if they received a service on which service tax was applicable but the service provider did not bifurcate the amount in the bill and the payment was made on the gross amount?
Replies (1)
| Originally posted by : vinayak | ||
 |
1.Is service tax aplicable on for commission received by a real estate agent on sale of flats?if yes rate ? 2.what will be the implication in the hands of a service receiver if they received a service on which service tax was applicable but the service provider did not bifurcate the amount in the bill and the payment was made on the gross amount? |
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Yes. @ 12.36%.
No implication as far as receiver is concerned. Since, the commission received by the agent will be deemed to be inclusive of service tax.
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