My Company manufactures liquors on Contract Brewing basis (Brand licensing ). The Company pays Service Tax on IPR for its income. And the Contract Brewers pays Service Tax on BAS .
My query - is it possible that If the Company reimburses some portion of Service Tax of Contract Brewers , Can the Company claim set off this Service Tax payment to Contract Brewers against its own Service Tax payment under IPR.
If Yes then under which Provision? An earliest reply will be appreciable.
Thanks & Regards
Swati Baidya
Practicing Comany Secretary
CAclubindia
