Dear Members,
Your expert opinion is invited over the following issue:
“A firm in the business of publishing Business magazines. Whether service tax is applicable on the amount received against the sale of advertisement space in the magazine”
Regards,
Ashish Tibrewal
This transactions is covered under negative list.
yes, as per negative list introduced it's outside the purview of service tax ....
Service Tax will not be applicable as this falls under the purview of Negative List.
CAclubindia
