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Pure Agent [Service Tax] in Tally.ERP 9

Pure agent means a person who

  • Enters into a contract with the recipient of service to act only as his agent to incur expenditure or costs in the course of providing taxable services

  • Has no intention to hold the title to goods or services provided (to service recipient) as pure agent

  • Does not use the procured goods or services

  • Receives only the actual amount incurred to procure the services or goods.

Example: Royal Agency entered with an agreement with Isac Computers to procure advertising services by acting as a Pure Agent. Royal Agency procured the advertising services from ADMAG.

In the above example

  • Royal Agency is a pure agent

  • Isac Computers is the recipient of service

  • ADMAG is the service provider

Expenses or cost incurred by the service provider acting as a pure agent can be deducted from the total service charge to get the taxable amount.

 
 
 
 
Tally.ERP 9 Reference Manual LIBRARY
1.
Installation of Tally.ERP9
2.
Site Licensing of Tally.ERP9
3.
Shortcut Keys in Tally.ERP9
4.
Maintaining Company Data
5.
Creating Masters
5a. Accounts Information [Creating Masters]
5b. Inventory Information [Creating Masters]
6.
Voucher Entry
7.
Reports in Tally.ERP9
8.
Excise for Dealer
9.
Excise for Manufacturer
10.
Reports [ Excise for Manufacturer]
11.
Excise for Importer
12.
Service Tax in Tally.ERP9
13.
Tax Collected at Source (TCS) in Tally.ERP9
14.
Tax Deducted at Source (TDS) in Tally.ERP9
15.
Value Added Tax (VAT) in Tally.ERP9
16.
Central Sales Tax (CST) in Tally.ERP9
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
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