service tax on debit note

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...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details