Service tax on coaching and training center under franchisee
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2014
A pertnership firm has taken franchisee of jet airways. The firm has to pay 1 lac for 5 months, and 30% receipt as a royalty which the firm gets as a coaching fees.
The firm deposits total amount in the franchisor's bank account and then franchisor transfers 70% of total amount to the firm.
The question is when the firm is liable to pay service tax (weather on receipt of coaching fees or on receipt of 70% amount from franchisor),
at what amount the service tax will be leviable?
The firm deposits total amount in the franchisor's bank account and then franchisor transfers 70% of total amount to the firm.
The question is when the firm is liable to pay service tax (weather on receipt of coaching fees or on receipt of 70% amount from franchisor),
at what amount the service tax will be leviable?
01 April 2014
firm is providing coaching service. so it has to collect ST from trainees.
It will have to pay ST on royalty also as IPR service.
It will have to pay ST on royalty also as IPR service.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2014
The question is when the firm is liable to pay service tax (weather on receipt of coaching fees or on receipt of 70% amount from franchisor), at what amount the service tax will be leviable?
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