Exempted services, money received hy holding company

This query is : Resolved

Ravi Chandra Prakash (Querist)
Follow

27 April 2009 X Pvt Ltd., is engged in Export services, hence the services are exemted from levy of Service Tax. The remmitances from customers towards the services in USD are directly deposited in to 80% holding compnay's Bank account. Towards the repayment of loan taken from Holding Company.Is there any problem in the point of view of Service tax, since the money is not dierectly received by X Pvt Ltd.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
Follow

27 April 2009 There could be an dispute. Last year Tribunal held that as long as the payment is made on account of a foreign exchange outgo, the same should be considered as suffiicent discharge.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

divakar podaturu

SHRI HARIRAO

Dalbir Singh Wadhera

Rajesh Surapaneni

Sandeep Ranjan

Subscribe Now

Exempted services, money received hy holding company

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Manager- Finance and Compliance

CA Final

Article Assistant

GST CONSULTANT

GST CONSULTANCY