WebJul 6, 2024 · According to the valuation rule, the expenditure or costs incurred by the supplier as a pure agent (contracted to the recipient of the supply of services) shall be excluded … WebAug 22, 2024 · 5.6 The next issue for consideration is whether the respondent was acting as a Pure Agent of M/s. TIPL. In the Service Tax (Determination of Value) Rules, 2006, a pure agent has been defined as follows :- ... reimbursement of wages and daily compensation are leviable to Service Tax. As per Section 67(1)(i), ...
Pure Agents are in Cross Fire between GST and Income Tax
WebJan 6, 2016 · A pure agent is a service provider who is a liaison between another service provider and a client. An expense incurred by the pure agent is exempt from service tax. Tally.ERP 9 provides the facility to exclude the costs and expenses incurred by a service provider acting as a pure agent from total service charges to get taxable amount. WebDec 11, 2024 · Therefore, the pure reimbursable expenses of pure agent are not recognised as revenue as per provisions of ICDS 4. Accordingly, revenue of commission agent merely … enhypen cursed
Concept of Pure agent [Resolved] Service Tax - CAclubindia
WebIn exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement.-. (1) These rules may be called the Service Tax (Determination of Value) Rules, 2006. (2) They shall come into force on the ... Webalso seen from the Air India website that the UDF is inclusive of service tax. Further in order No. AIC S. Nos. 3/2024 and 4/2024, both dated 27.2.2024, it has been laid down that ... 2.7 Airlines may act as a pure agent for the supply of airport services in accordance with WebNov 16, 2013 · Case when expenditure is incurred by service provider as Pure Agent, on behalf of service receiver: ... This is simply done to evade service tax. But as per Section 67(1) (ii), i.e. a case of consideration not wholly or partly in money, service tax will be charged on full amount of Rs. 2400, ... dr fahad chaus elgin il