WebJan 21, 2024 · Gujarat AAR also found the applicant qualifies as a pure agent. “The electricity charges collected by the landlord from the tenant at actuals based on the reading of the sub-meters is covered under the amount recovered as a pure agent in terms of the provisions of Rule 33 of the CGST Rules, 2024 in respect of the lessor - the decision would … 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), ...
GST on Reimbursement of Expenses to a Supplier - ClearTax
Web(f) The assessee was thus acting as pure agent, fulfilling all the conditions required under Rule 5(2) under the Service Tax (Determination of Value), Rules 2006. (g) That in any, the assessee would be eligible for CENVAT credit on the insurance premium and other inputs services paid to the tune of Rs.51,33,226/- for the period in the first show cause notice. Webthe service receiver to the service provider while providing the service. As per these rules ... as done by Rule 5. Section 66 of the FA, 1994 specifically mentions that the service tax will be on the 'value of ... the value of supply and the Valuation Rules provide for exclusion of expenditure incurred as a pure agent. 1 ... stiga machinery
All about Pure Agent under GST with Examples Tally Solutions
WebAlleging that since the Appellant has recovered the Service Tax from the insurance agents, even though the Service Tax was required to be paid by the Appellant, therefore, such collection is without authority of law and accordingly required to be deposited as per Section 73A(2) of Bajaj Allianz & Ors-38867114 etc resd-30.5 5 Finance Act, 1994 ... Webthe value, provided the conditions of pure agent are satisfied. Prepared by: National Academy of Customs, Indirect Taxes & Narcotics GST (GOODS AND SERVICES TAX) Pure Agent Concept in GST CONCLUSION A pure agent concept is an important one for businesses as it has direct implications on the value of taxable service. WebService Tax, Chennai, found the Respondent/Bank, liable to pay service tax, penalty and interest on the amount of the “interchange fee” received by it. 3. The Respondent is a Bank. It is registered with the Service Tax Commissionerate Chennai, under the category “Banking and other financial services, business auxiliary services, charge ... stiga leaf blower