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Withholding tax & service tax

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(Querist)
14 March 2012 My company is planning to get ECB Loans for construction of a new factory and also for purchasing the machinery.

The same is going to be processed through Bank of Tokyo and Mitsubishi at Japan. We will have to pay the up-front fees to them.

Now my question is as follows:

1. Is service tax is applicable
2. Did i have to deduct withholding tax for the same.
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CS, Deepak Pratap Singh

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CS, Deepak Pratap Singh (Expert)
14 March 2012 Service Tax is applicable in all cases. The withholding tax rate will depend DTAA between governments.

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