Franchise Service is leviable to Service Tax as per the Act. The Initial Payment (Non Refundable) made by the Franchisee to Franchisor to get the rights, Is it leviable to service tax ?
Menu
Service tax applicability on franchise services
Replies (4)
Yes initial payments made to franchiser is liable to tax. But it is cenvat credit if franchisee is providing taxable services.
But Franchisee is also paying an 1% royalty on turnover made. Then i felt the initial payment is not liable since he is making the payment to begin the Franchise agreement
Initial payments except refundable deposits will form part of value of services.
procedure of levy of service tax and tds deduction on franchisee turnover to franchisee by frnanchiser? in kerala
please help me and forward details of this .......... to my id rj.akkara @ gmail,com
also details of professional tax slab in kerala
Recent Topics :
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
Related Topics :
CAclubindia
