Service tax applicability on commission on surety bond, Service Tax

[ganeshan kalyani]

Dear Sir,

I would like to have clarification regarding service tax applicability on commission income received for giving surety bond.

Secondly, as a service provider whether booking of receivable is the point where service tax to be discharged or receipt of income is the point of tax to be discharged to government treasury.

kindly clarify.

regards,

ganeshan

Posts / Replies

[Madhukar N Hiregange]

Liability on the commission as it is an activity for a consideration not in negative list or exempted.

For point of taxation - please read an article on the topic.