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Service tax query

Service Tax (Legacy) 279 views 6 replies
COMMISSION RECEIVED U/S194H (AS RCV DISTRIBUTOR OF AIRCEL). DO I NEED TO PAY SERVICE TAX ON COMMISSION RECEIVED? IF YES, THEN PLZ TELL ME THE % OF SERVICE TAX FOR THE FY 15-16 & 16-17? WHETHER THE SERVICE TAX AMT IS REFUNDABLE BY THE TELECOM COMPANY OR NOT? TNX. PLZ DO RPLY.
Replies (6)

IS THERE ANY SERVICE TAX EXEMPTION ON COMMISSION RECEIVED BY A RCV DISTRIBUTOR?

Assesse is a trust. Rent income of building is recd. Registered and paying service tax every month. Constructed new building for renting out. Can it get input credit from construction labour charges bills ? New agreement for getting additional rent and service tax is in place.  

 

Originally posted by : binayak goswami
COMMISSION RECEIVED U/S194H (AS RCV DISTRIBUTOR OF AIRCEL). DO I NEED TO PAY SERVICE TAX ON COMMISSION RECEIVED? IF YES, THEN PLZ TELL ME THE % OF SERVICE TAX FOR THE FY 15-16 & 16-17?
WHETHER THE SERVICE TAX AMT IS REFUNDABLE BY THE TELECOM COMPANY OR NOT? TNX. PLZ DO RPLY.

ST need to pay @ 15% on such commission amount and that amount received form service receiver in your Bank a/c to be shown as inclusive of service tax.

Originally posted by : binayak goswami
IS THERE ANY SERVICE TAX EXEMPTION ON COMMISSION RECEIVED BY A RCV DISTRIBUTOR?

No Exemption available to commission agents.

Originally posted by : Yeshwant
Assesse is a trust. Rent income of building is recd. Registered and paying service tax every month. Constructed new building for renting out. Can it get input credit from construction labour charges bills ? New agreement for getting additional rent and service tax is in place.  

 

No Cenvat credit will be available for such income, on which Service tax was paid.

TNX @ MAHESH BABU

 


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