TaxTMI 
TaxTMI 
Aggregate Taxable value
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....ggregate Taxable value<br> Query (Issue) Started By: - Vijay Chitte Dated:- 15-5-2006 Last Reply Date:- 10-8-2008 Service Tax<br>Got 4 Replies<br>Service Tax<br>We have to pay commission to our C&F ag....
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....ent @2% on net sale value i.e. net sale value is 1000000 and his commission is Rs.20000 (2%) My question is which is agreegrate taxable value of C&F agent? Is it Rs.1000000 or 20000?(commission)any on....
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....e can guide me? Reply By Surender Gupta: The Reply: Service Tax is payable on Rs. 20,000/- only. Rs. 10,00,000 represents only value of sale and not any service. Reply By V.K. Verma: The Reply: It is....
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.... Rs.20000/- on which service tax @12.24% (including e.cess) is payable. Reply By Brijesh C Verma: The Reply: Dear Vijay, As you may be aware, C&F, in layman language is known as Aaratiya.These aaratiy....
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....as are of two types: Kacha and pakkaa. In case of pakkaa even income tax law guides that turnover shall include the amount of sales i.e 1000000 as in your case. however, service tax covers only those ....
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....aaratiyas or c&fs who are not pakkaa. therefore feel free tax is to be paid @ 12.24% on 20000 only. Reply By T.SUNDARAM: The Reply: It is Rs 20000 only. The sales he made is on behalf of principle com....
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....pany only and not his sales<br> Discussion Forum - Knowledge Sharing ....