Service tax on revenue sharing agreement
This query is : Resolved
18 March 2014
i am working in a company. there is amusement park in a city . our company add a new activity there.
istead of paying rent for using park land
both party are entering in a contract
my company give 20% of net revenue to owner of amusement park
my question is that whether s. tax applicable on revenue sharing agreemeent
istead of paying rent for using park land
both party are entering in a contract
my company give 20% of net revenue to owner of amusement park
my question is that whether s. tax applicable on revenue sharing agreemeent
18 March 2014
only on earning revenue there is tax payment and not on making agreement.
18 March 2014
please clear you answer
let say total revenue 100000
20% = 20000
we have to pay 20000
or
20000+S.Tax
let say total revenue 100000
20% = 20000
we have to pay 20000
or
20000+S.Tax
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