Please reply in detail with provisions.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2013
Boeing has awarded a contract to an Indian manufacturer for supply of aircraft components. Accordingly, the manufacturer makes the capital investment in machinery required for manufacture of the components. One of the terms of the contract is that if Boeing terminates the contract w.r.t. supply of components, then Boeing shall reimburse the capital expenses to the manufacturer by way of instalments. Whether service tax would be applicable on such amount paid by Boeing and if yes, what will be the point of taxation w.r.t. the same?
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2013
Please any body who can provide me with the correct answer on above question
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