Business Auxiliary Services - Ship broking covered thereunder

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Full Text of the Document

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....tion. Hence, the activities undertaken by ship brokers are nothing but provision of services on behalf of client for a consideration akin to that of a commission agent. As per Section 65(19)(vii)(a) of the Finance Act, 1994, "Commission agent" means :- 'any person who acts on behalf of another person and causes sale or purchase of goods, or provision or receipt of services, for a consideration, a....