24 October 2012
As Per service tax rules w.e.f. 01.07.12
suppose i am partner in producion house (movies). We are getting sponsership services from one business man for the production of movie. my queries are:-
1.how much amount we can take from him without applicability of service tax ? 2. if service tax is applicable then what will be its whole impact ? 3. who is to pay and how much ? 4. what's the accounting entries in this case ? 5. also explain reverse charges in service tax ? 6. what will be the agreement made between partners and sponsers and also let me know while preparing partnership deed is it necessary to show that we will take sponsership services ?
24 October 2012
dear thanks 4 ur reply but clear one thing sponsers are giving sponsership to my firm in form of cash then who will have to raise bill either by my firm or sponsers and let me know about accounting entries.
CAclubindia
