TaxTMI 
TaxTMI 
Service tax on commission
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....ervice tax on commission<br> Query (Issue) Started By: - Kuldeep Jain Dated:- 18-3-2008 Last Reply Date:- 21-3-2008 Service Tax<br>Got 1 Reply<br>Service Tax<br>An oil company is recovering from its c....
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....ustomers, the amount it paid to bank for clearance of outstation cheques.Amt recovered is greater than the amt paid to bank.Bank is charging service tax on the commission portion of the amt.Whether th....
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....e bank is right in its approach? If yes , under which service head it is charging? Also whether co. should in turn charge service tax? If yes, on which amt. and under which head? Reply By Surender Gu....
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....pta: The Reply: The activity of charging commission by bank is subject to service tax. Accordingly bank is right in charging service tax. However, your activity would also be subject to tax if fallin....
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....g under the taxable provisions of the Finance Act, 1994.<br> Discussion Forum - Knowledge Sharing ....