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Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreA voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
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Facts:
The Appellant received commission from manufacturer of goods for rendering assistance in the marketing of goods, by obtaining orders and also ensuring that the goods are sold at the terms and discounts specified by the manufacturer. The Appellant contended that the activities are taxable under Clearing and Forwarding services.
Held:
The Tribunal observed that in terms of agreement between the parties, the Appellant has to only procure the orders from the stockists and forward them to manufacturers and ensure that the goods are sold at the terms and discounts specified in writing by the manufacturer. For the services so rendered, commission at prescribed percentage on the net sale value was receivable. Therefore, having regard to the terms of agreement and relying upon various cases including Larsen & Toubro Ltd. [2006] 4 STT 231 (New Delhi) the Tribunal held that the Appellant did not deal with the goods at all as is expected in the case of clearing & forwarding Agent and he was liable for service tax as commission agent.