Taxman
24 Points
Posted on 17 September 2016
A BANK IN INDIA PROCESSES THE PROPOSAL OF A COMPANY, LOCATED IN INDIAN TAXABLE TERRITORY FOR SETTING UP A PROJECT / MANUFACTURING UNIT, FOR AVAILING EXTERNAL COMMERCIAL BORROWING FROM THE SAME BANK'S BRANCH LOCATED OVERSEAS AND CHARGES PROPOSAL PROCESSING CHARGES/ FEES (PPC) FROM THE COMPANY. WHO IS LIABLE TO PAY SERVICE TAX IN INDIA?