SERVICE TAX ON FRANCHISE RECEIPT
This query is : Resolved
03 June 2009
In one of my company we have three premises and for each of them we get franchise receipt Per month as per contract
Averge Franchise receipt of each of the them individually is below Rs. 10 lacs but in total it is around 25 lacs.
Since we are receiving franchise receipt do we have to pay service tax
Is service tax applicable on Franchise receipts.
What would happen if we would have received rent instead of franchise receipt
Averge Franchise receipt of each of the them individually is below Rs. 10 lacs but in total it is around 25 lacs.
Since we are receiving franchise receipt do we have to pay service tax
Is service tax applicable on Franchise receipts.
What would happen if we would have received rent instead of franchise receipt
05 June 2009
Nomenclature does not decide the essence of the contract.
If the same is for rent there is a view that rent is not a service at all which has been helf by the Delhi HC. After talking the call can go ahead.
If the same is for rent there is a view that rent is not a service at all which has been helf by the Delhi HC. After talking the call can go ahead.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- NRE Interest Income applicability
- Annual return of gst limit
- Bank accounts of Non resident
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
