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.
F.No. V/DGST/21(11)M.O./2008 Dated:- 14-3-2008 Circular
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
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