Associate enterprise transactions
This query is : Resolved
A V NARASIMHAM
(Querist)
17 October 2012
IF AN ASSOCIATE ENTERPRISE PAYS EMD (EARNEST MONEY DEPOSIT) ON BEHALF OF OTHER ASSOCIATE COMPANY AND RAISES A DEBIT NOTE FOR THE EMD AMOUNT IS THIS CHARGEABLE TO SERVICE TAX NO ADDITIONAL AMOUNT CHARGED OTHER THAN EMD AMOUNT, IF CHARGED TO ST WHAT WILL BE THE TAX
Amol S Joglekar
(Expert)
17 October 2012
EMD paid on behalf does not fall under service tax. If the same is adjusted by issuing the BILL for the service, if any, then it will come under service tax.
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