Services to infrstructure sector
This query is : Resolved
13 December 2007
We are having a pvt. ltd. company , by which we want to provide verious types of services to our related company projects whihc are in differnt companies , services like architech servies , technical services , marketing services in nut shell we want to pay various services paymnet through in one copmay but the services will be utilised by other companies . there is no profit moto. what will be scenerio for services tax point of view and ay right way for use this scenerio ?
15 December 2007
Hi Vinod,
In the instant case, you need to levy service tax on the said services. Like-wise TDS shall also be deducted.
I recommend that departments may be made within the company for providing such services instead of outsourcing the same from a sister concern.
As the companies are related, the composiiton may be easily modified at the best advantage of the organization for the purpose of best tax planning.
Rgds/
vineet
In the instant case, you need to levy service tax on the said services. Like-wise TDS shall also be deducted.
I recommend that departments may be made within the company for providing such services instead of outsourcing the same from a sister concern.
As the companies are related, the composiiton may be easily modified at the best advantage of the organization for the purpose of best tax planning.
Rgds/
vineet
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