Indirect Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 January 2011
Co.A is paying award amt to a cricketer of RS10 lac on behalf of co.B then co.A recovers it from B in the form of raising bill and charging service tax.
the question is-
1.If it is a reimbursement of cost then why service tax is applicable.
2.The co. is not providing any service then why service tax is to be charged in bill.
the question is-
1.If it is a reimbursement of cost then why service tax is applicable.
2.The co. is not providing any service then why service tax is to be charged in bill.
12 January 2011
If compnay B is paying the service tax on the bill, then it is case of reimbursement. Otherwise it is a pure transaction.
CMA Ramesh Krishnan
(Expert)
13 January 2011
No service tax applicable on your transaction, this is normal transaction between group companies
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