TaxTMI 
TaxTMI 
TaxTMI 
SERVICE TAX ON COMMISSION ON HIGH SEA SALES INVOICE
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....ERVICE TAX ON COMMISSION ON HIGH SEA SALES INVOICE<br> Query (Issue) Started By: - Rajeev Khulbe Dated:- 25-1-2017 Last Reply Date:- 6-2-2017 Service Tax<br>Got 8 Replies<br>Service Tax<br>GOOD AFTERNOON TO ALL MY EXPERT, I NEED SOME ADVICE REGARDING SERVICE TAX ON COMMISSION. SIR IS SERVICE TAX APPLICABLE ON HIGH SEA SALES INVOICE. FLAT RATE 15 % Reply By Rajagopalan Ranganathan: The Reply: S....
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....ir, The area beyond 200 nautical miles from the shore of a country is called 'High Sea'. Therefore any sale taking place before goods are cleared from customs is sale 'in the course of import' and is exempt from sales tax. "high sea" sale can be treated as taking place in non-taxable territory. However if the purchaser is within taxable territory, then he is liable to p....
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....ay service tax on sales commission paid on high sea sales under reverse charge mechanism just like an importer. This is my opinion. Reply By YAGAY AND SUN: The Reply: There is no such thing Commission in High Sea Sales. If it being charged then it should be disclosed to the customs authorities to levy of Customs Duty. Reply By CA Venkata prasad Pasupuleti: The Reply: It is not commission, it i....
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....s only the margin received for doing sale & purchase, nothing but trading of goods. Therefore service tax is not liable on such margin Reply By KASTURI SETHI: The Reply: I support the views of M/s.YAGAY AND SUN, Sirs and Sh.Venkata Prasad, an expert. Reply By Ganeshan Kalyani: The Reply: Enriching discussion, in fact. Thanks. Reply By YAGAY AND SUN: The Reply: CIRCULAR NO. 32/2004-Cus, Dated....
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....: May 11, 2004 Reply By YAGAY AND SUN: The Reply: Now, it is enriching discussion. Reply By Rajeev Khulbe: The Reply: THANKS FOR YOUR REPLY, BUT SIR WHO WILL PAID SERVICE TAX ON COMMISSION . SELLER OR PURCHASER .<br> Discussion Forum - Knowledge Sharing ....