Service Tax valuation: commission deducted in broadcaster invoices reduces assessable value; agency commission taxed separately. Service tax on broadcasting is leviable on the amount actually received by the broadcaster; when commission or discount to an advertising agency is clearly shown in the broadcaster's invoice, the assessable value for broadcasting is the net amount after that deduction, while the commission received by the advertising agency is taxable separately as advertising services.
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 valuation: commission deducted in broadcaster invoices reduces assessable value; agency commission taxed separately.
Service tax on broadcasting is leviable on the amount actually received by the broadcaster; when commission or discount to an advertising agency is clearly shown in the broadcaster's invoice, the assessable value for broadcasting is the net amount after that deduction, while the commission received by the advertising agency is taxable separately as advertising services.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
