F.No. V/DGST/21(11)M.O./2008 Dated:- 14-3-2008 Circular – Circulars – Service Tax – No. 01/2008, Dated : March 14, 2008 Subject : Service Tax – Banking and Other Financial Services – Non-payment of Service Tax on Agency Commission received by M/s. State Bank of Mysore (Treasury Branch) – Reg. During the course of audit at the State Bank of Mysore (Treasury Branch), Mysore, conducted by Central Excise Commissionerate, Mysore, a case was detected where 'commission' received on Government transactions and deducted by 'SBM G-SEVA Branch' Bangalore (which functions at 'Nodal Bank') is not being taken into consideration while discharging service tax liability by 'currency chest branches' of State Bank of Mysore and service tax is paid o
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