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BANKING RECOVERY AGENCY

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What is the rate of Service tax to be demanded on commission earned?
Service tax on commission includes the standard service tax levy together with education and secondary/higher education cesses. Commission earned is subject to the standard service tax levy together with an aggregate 3% education cess component described as secondary and higher education cess; the applicable charge comprises the basic service tax rate plus these education cesses. (AI Summary)
Service Tax
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Rama Krishana on Sep 11, 2010
Rate of service tax is 10% plus 3% eduction cess and secondary and higher education cess.
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