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Service tax - Loan Licencee

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(Querist)
09 June 2010 XLTD Manufactures pharmaceutical products for Yltd as a loan licencee. In return it gets loan licence fees. Does Xltd need to pay service tax on receipt of Loan licence fees?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 June 2010 Dear Jairam

You need to mention the nature of service provided by your clinet

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