Service Tax during merger....

This query is : Resolved

Radhika Chitlangya (Querist)
Follow

29 October 2010 Hi!!! I have a question...There are two stock broking companies, A Ltd. & B Ltd., registered with different exchange houses. B Ltd. is going to merge with A Ltd. Application has been made to the court to pass the order for merger..during the period from the date of application to the actual date of order, service tax will be collected by both the companies on transactions entered into..so B Ltd. should charge service tax under its own S.T. Registration no. or under A Ltd.'s S.T. No.because at the end of the year only A Ltd. will be in existence??? Please answer...

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

29 October 2010 B Ltd. should charge service tax under its own S.T. Registration no. as till the date of order B Ltd does exist in the eyes of law and B Ltd is providin the service.

It does not make a difference that A Ltd. will only be in existence at the year end.

Radhika Chitlangya

Radhika Chitlangya (Querist)
Follow

29 October 2010 Thank you..

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

29 October 2010 U can also thank by using thank user icon.

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