TMI Blogservice tax on commissionX X X X Extracts X X X X X X X X Extracts X X X X ..... Is there service tax on commission received from Omax Ltd for sale of flats. Though annual total receipt of commission is less than 9 lacs.Whether 10Lacs basic 1st year exemption is available. - Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly By Rajagopalan Ranganathan - The Reply = Dear Mr. Wahi, Commission earned by you is the value of service rendered by you. Therefore if value service rendered in the previous financia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l year is less than ₹ 10 lakhs you need not pay any service tax. If you are new service provider or provide the service for the first time you have to file a declaration with the department sta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ting that to value of service to be provided by you is not likely to exceed ₹ 10 lakhs during the financial year. - Reply By Naveed S - The Reply = Yes Sir, 10 Lacs exemption in the first year ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is available, as explained above. If commission received is less than Rs. 9 lacs, then no need for registration nor payment of service tax. - Reply By satbir singh wahi - The Reply = commission is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... received from Omax Ltd ( branded service) so basic exemption not available.For commission other than branded the limit of 10 Lacs will be there. - service tax on commission - Query Started By: - sa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tbir singh wahi Dated:- 1-12-2014 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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