Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Commision on acc of Sale & purchase of motor vehicles & payout

Service Tax - Started By: - CA. Varun Arora - Dated:- 7-10-2016 Last Replied Date:- 13-10-2016 - Dear Experts,Please resolve my query.I am engaged in the business of Sale & purchase of Motor Vehicles and holds franchisee of Mahindera First Choice .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

mount is 9 lacs and Payout amount is 3 lacs.Thanks in advance. - Reply By Rajagopalan Ranganathan - The Reply = Sir,Since the total amount received by you exceeds the small scale exemption meant for Services you have pay service tax on the same . The .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

. - Reply By Ganeshan Kalyani - The Reply = It is advisable to get registration number. And after getting the service tax RC number you should pay the tax along with applicable upto date interest. - Reply By Ganeshan Kalyani - The Reply = Service tax .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ar All,Thank you all for your valuable replies , In this case as i mentioned i holds franchise of Mahindera first choice in this case whether exemption of rs 10 lcas shall be available to me or not because i am running the workshop as well as showroo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rvice is taxable. - Reply By Mahir S - The Reply = 1) You are carrying out sale of purchase of Motor Vehicles for which you have received commission of ₹ 9 Lacs. This commission is nothing but Profit earned for sale/purchase of Vehicles which i .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version