Dear All,
My Client is a private ltd Co ,It is asubsidy of USA parent co,Its services are 100% to Parent co
It is branding the parent co products through advertisement and other mode of channels, this expenses have the indirect impact on the indian co because their service billing is on the basis of overall expenses.
[b]
Whether co is liable to pay the FBT on these expeneses[/b][face=Courier][/face][size=14][/size][quote][/quote]
Please Its very urgent
Basavarajmvca
The One Says:
I should think Service Tax would be payable. As for FBT what is your interpretation how do you think you are covered by the provisions?
CAclubindia
