TMI Blogcommission earned under Brand NameX X X X Extracts X X X X X X X X Extracts X X X X ..... commission is received from Omax Ltd ( brand name) .so basic exemption not available.Registration under service tax taken . But during 2013-14 the commission receipts are ₹ 560500( non brand from sale/purchase of land.) only . During 2014-15 Rs 220000 cpmmission from Omax Ltd (Brand Name) and commission from non brand name from sale/purchase of land ₹ 450500. 1. Whether service t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax on only ₹ 220000 to be deposited. 2. whether 450500 will be exempt. - Reply By Rajagopalan Ranganathan - The Reply = Sir, The amount paid to the brand owner, that is, in your case Omax limited alone is covered by Intellectual Property Right Service (IPR Service). Therefore you are liable to pay service tax only on ₹ 2,20,000/-. since ₹ 4,50,000/- is commission p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aid in respect of non-brand name. it is not chargeable to service tax under IPR Service. However in respect of ₹ 4,50,000/- the service provider may be required to pay service tax on commission agent service. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Very good clarification,Sir, - Reply By PAWAN KUMAR - The Reply = Dear Sir, The reply of Sh.Rajagopalan Ranganathan sir is correct. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By satbir singh wahi - The Reply = Thks for the reply Sir. This commission is for Sale / Purchase of Land deals as agent. - commission earned under Brand Name - Query Started By: - satbir singh wahi Dated:- 2-2-2015 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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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