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Profit share is applicable service tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2009 Sir,

We jointly done one business, both are share the profit. That profit is under the service tax?

Please explain
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
03 November 2009 please explian your question first as service tax is chargeable on service provided and not on profit.

What is your status of business, e.g propritorship,partnership firm,aop, and what services you are providing.
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CA Ravi Kumar Murugesh

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CA Ravi Kumar Murugesh (Expert)
04 November 2009 Question is not clear bayya!
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