As an agent(individual) provided in relation to advertisement in print media i sold advertisement to the client inclusive of profit margin and commission .Means we purchased from advertisement Company at ₹ 30000/-(Company is not charging any service tax as it is covered under negative list) and sold at ₹ 35000/.
Can anyone please tell me that as an agent in which service i am covered and what is service tax implication and on what value ? How to do invoicing for the same ?
Company =======> Agent ========> Client
30000 35000 (Service Tax ==?)
(without service tax )
Service Tax Applies to Full Profit on Ad Sales in Print Media as Business Auxiliary Services, Not Just Commission. An individual agent inquired about the service tax implications on selling advertisements in print media, where they purchase ads at 30,000 and sell them at 35,000. The discussion concluded that the activity falls under Business Auxiliary Services, and the taxable value is 5,000, which includes the profit and commission. It was clarified that service tax should be applied to the entire 5,000, not just the commission portion. The discussion referenced legal definitions and board circulars to support the application of service tax on the full amount. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
