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Service tax on referral fees / commission

Service Tax - Started By: - Ganeshan Kalyani - Dated:- 27-4-2016 Last Replied Date:- 28-4-2016 - Dear Experts,A manufacturing company has given reference of some of its customers who was in need of working capital to Bank. For providing such reference of prospective customers by company, the bank has given some amount of money as reward / referral fee / commission (whatever it can be called as) to the company. Now the query is whether service tax is applicable on such reward / referral fee / com .....

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Ganeshan Kalyani - The Reply = SirApologise. Please read as 'received by the company' in the last sentence of the first para.And read as 'does not fall under business auxiliary service' in last sentence of second para. Sorry for the mistake. - Reply By surya narayana - The Reply = Dear Kalyani Garu,First of all, one has to come to conclusion whether the ingredients to qualify for service are present in the transaction.If , the answer is yes then to check for taxability and exemp .....

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. This is my view. - Reply By Ganeshan Kalyani - The Reply = Sir,Thanks for your valuable advise. - Reply By Rajagopalan Ranganathan - The Reply = Sir, According to Section 65 B (44) of Finance Act 1994,- service means any activity carried out by a person for another for consideration, and includes a declared service, but shall not include- (a) an activity which constitutes merely,- (i) a transfer of title in goods or immovable property, by way of sale, gift or in any other manner; or (ii) such .....

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