Dear Professional collegues
pl let me know when 15% commission is recived on advtersment commission in newspapers then what value to be posted in online ST return regarding the exemption on 85% portion what's the notification number to be written in the return pl advice
Sir,
Which Head on commisiion on sale of advertisement in news paper.
plz brief your services which is mention on the Registration.
Thanking you,
Advertising agency service
| Originally posted by : sanjeev sharma | ||
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Dear Professional collegues pl let me know when 15% commission is recived on advtersment commission in newspapers then what value to be posted in online ST return regarding the exemption on 85% portion what's the notification number to be written in the return pl advice |
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please elaborate your query , 85 % exemption why ???
Regards
Karanjit Singh | +91-7503588224
Advertisement services provided by print media is not liable to serice tax as the service falls under negative list, vide (g) of Section 66D of the Finance Act 1994. Advertising agents gets a commission of 15% on advertisement cost and charge servic etax on the commission amount and same paid by the Advertisement agency and such service is specific agency services.
Hence if you are having another observation in this regard please forward the same.
CAclubindia
