Service tax liability shift: clearing and forwarding agents must now directly pay service tax and comply with registration and returns. Clearing and forwarding agents are now directly liable to pay service tax on taxable services they render; the taxable value remains the gross remuneration or commission received from the principal or client. Existing requirements for registration, returns and assessment continue to apply, and Commissioners must issue trade notices with procedures for registration, document maintenance, filing and payment to facilitate implementation and compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Service tax liability shift: clearing and forwarding agents must now directly pay service tax and comply with registration and returns.
Clearing and forwarding agents are now directly liable to pay service tax on taxable services they render; the taxable value remains the gross remuneration or commission received from the principal or client. Existing requirements for registration, returns and assessment continue to apply, and Commissioners must issue trade notices with procedures for registration, document maintenance, filing and payment to facilitate implementation and compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
