Monday 3 February 2014

Prior to 19-04-2006, reimbursable expenses were not includible in value of services

Service Tax : For period prior to introduction of Service Tax Valuation Rules, 2006 with effect from 19-4-2006, in case of a Clearing and Forwarding Agent, only remuneration and commission paid to C&F Agent by principal is chargeable to Service Tax and not expenses reimbursed by service recipient


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