Can you please let me know wheather Service Tax is to be Charged on Services provided by a Insurance Agent who is carrying the same as his Business and has his commission more than 8 lacs from the same......please reply back...
The procedure to file half yearly returns is to furnish info. in Form ST-3 with the details available with you in GAR/TR-6 challan(s). The return must be filed with 25 days from the end of 6 months. There is no need to maintain separate books for service tax details. The format or type that you have maintained for your accounts is sufficient.
Can you please let me know, how do you account this service tax in the books of the insurance agent. Also can you let me know how you would raise an invoice for the commission, because if service tax component is showed in the invoice then the same has to be discharged.
Please clarify, or if any other method can be followed.