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service tax on debit note

Service Tax (Legacy) 936 views 1 replies

Our company is paying research & advisory fee to a proprietorship firm & we are sharing these research input with a share broker with whom we have a fee sharing arrangement 50/50.

Should my company raise debit note or bill on that share broker for this sharing

& do i add service tax content in this bill.

Is this liable to TDS

 

Replies (1)
As per me a subcontractor performing a research is not reqd to pay s.t. in respect of the same service category.... if s.t. is p;ble by principal .. if sub contractor is providing research service to a person who is providing service in other category.. then sub contractor is liable to pay s.t. as your status here like a sub-contractor but other reqments needs to be checked...


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