One of our company executive have taken training from an institute & training fees paid by company & now as decided in between company & its 4 customers that co. executive will give training to them & cost will be borne by all of us on equally contribution. so if we (company) take money from customers than should we charge service tax on that amount or this is exempt from service tax because its not services its only cost charging from them.
22 May 2008
If you are not rendering any service, but sharing actual expenditure incurred in respect of a function, then there is no question of any taxable service.
CAclubindia
