8/13/2019 c&f Agent - Service Tax

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C&F Agent ( VAT )

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Author :Anonymous

( Author )05 August 2010

What is the liability of C&F agent in case of VAT

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(Notification No. 27/97-ST refers).2.5 For their services rendered, the C&F agent receives commission or remunerationwhich usually consists of two components: Minimum commission on a flat rate or turnover basis depending on thepackages/consignments handled; A variable commission based on performance which is computed on theperformance indicators agreed upon between the agent and the principal. This isusually given as a percentage of the turnover.The above two constitute the remuneration or commission paid to the C&F agent bythe principal2.6 In cases where C&F agents engaged for various towns, states or areas are paidonly by the regional or the head office of the company appointing such agents, forservice tax purposes it would suffice to register only such regional or head office. In

such cases the regional office or the head office, as the case may be, should also berequired to give an undertaking to discharge the service tax liability.

Author :Anonymous

( Author )06 August 2010

Sir I am talking about VAT liability its dealer or C&F agent pays VAT

CMA RameshKrishnan( Expert )

13 August 2010

C&F agents are covered under Service tax, vat liablity only on dealers

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C&F Agent http://www.caclubindia.com/experts/c-f-agent-451040.asp

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