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service tax on sponceship

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(Querist)
30 September 2009 if A ltd paid amount of 50000/- as sponcership expenses to some event oraganising commety then is servise tax liable ? who is liable to pay service tax ?A Ltd ? plz hurry
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SAIBAL

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SAIBAL (Expert)
02 October 2009 Dear sri Dipak,

If this is the 1st case of A ltd.in this financial year.There wont be any S.Tax liability to A Ltd.

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