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of <h1>5% Service Tax on Custom House and Steamer Agents from June 15, 1997; Details on Compliance and Penalties.</h1> The circular outlines the imposition of a 5% service tax on services provided by Custom House Agents (CHA) and Steamer Agents effective from June 15, 1997, under the Finance Act, 1994. For CHAs, the tax is calculated on gross service charges, excluding reimbursable expenses. In cases of lump-sum charges, 15% of the amount is taxable. Steamer Agents' taxable services include husbandry fees and agency commissions, excluding reimbursable expenses. The circular details registration, payment, and penalties for non-compliance, requiring monthly tax deposits and quarterly returns. It also includes procedures for interest on delayed payments and penalties for non-compliance.
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