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2011 (8) TMI 415 - AT - Service TaxValuation - Gross amount - Business Auxiliary service - commission income - Different stand taken before income tax authority and service tax authority - Out of the commission paid by the Bank to the appellant, they were in fact paying some amount to the loan seekers as an incentive for taking the loan through them. This amount is hereinafter referred to as subvention . While paying service tax for amounts received as commission from the bank, the appellant deducted the amounts of subventions from the amount received from the bank and paid service tax only on the remaining portion of the commission. - Held that:- the amount paid by the bank for the services rendered by the appellant and reflected as receipts in the books of accounts of the appellant, should be subjected to service tax - service tax is payable on the gross value.
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