Loan Arrangement Services to Bank liable to Service Tax on Gross Commission to DMAs: CESTAT [Read Order]

The central issue was whether service tax should be calculated on the gross commission amount or the net amount (after deductions) received by the DMAs
By Manu Sharma - On August 28, 2024 3:05 pm - 2 mins read
CESTAT - CESTAT Chandigarh - DMA - Bank loan Service charge - TAXSCAN

The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) recently ruled that the service tax is indeed chargeable on the gross commission, as per Section 67 of the Finance Act, 1994, which mandates that service tax is levied on the gross amount charged for the service provided loan arrangement…

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