TaxTMI 
TaxTMI 
Whether loan documentation and evaluation services provided by DSA/DMA of Banks falls under BAS or it falls under BSS. Also whether these services would not get benefit of basic exemption under Notification No. 6/2005 being branded service. A quick response from friends is eagerly awaited.
Business Auxiliary Service (BAS) - documentation and evaluation service
02 Jun 2010 
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Business Auxiliary Service classification affects exemption eligibility for loan documentation and evaluation by bank agents.
Classification of loan documentation and evaluation services provided by DSA/DMA depends on the primary service they support; if they act as independent facilitators the services may be treated as ancillary and fall within Business Auxiliary Service, but if they represent themselves under the bank's brand the services are branded and not eligible for the basic exemption. (AI Summary)
Classification of loan documentation and evaluation services provided by DSA/DMA depends on the primary service they support; if they act as independent facilitators the services may be treated as ancillary and fall within Business Auxiliary Service, but if they represent themselves under the bank's brand the services are branded and not eligible for the basic exemption. (AI Summary)