https://www.taxtmi.com/circulars?id=4301 Banks must include the full agency commission received on government transactions in their service tax base; instances were found where nodal branches netted commissions and currency chest branches paid service tax only on the net amounts, prompting a review of nodal bank registration and reporting to ensure correct tax liability and remedial action by field formations. en-us Fri, 14 Mar 2008 00:00:00 +0530 Fri, 06 Jan 2012 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4301 Banks must include the full agency commission received on government transactions in their service tax base; instances were found where nodal branches netted commissions and currency chest branches paid service tax only on the net amounts, prompting a review of nodal bank registration and reporting to ensure correct tax liability and remedial action by field formations. Circulars Service Tax Fri, 14 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4301