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Service tax on revenue sharing agreement

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(Querist)
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
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 March 2014 only on earning revenue there is tax payment and not on making agreement.
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vipin

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vipin (Querist)
18 March 2014 please clear you answer

let say total revenue 100000
20% = 20000
we have to pay 20000
or
20000+S.Tax
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