Check sibling questions

Joint Venture means a business agreement between 2 or more parties 

who retain their individual opportunity

 

CBEC has issued a circular clarifiying service tax implications on joint ventures (As per Circular No. 179/5/2014 ST dated 24.09.2014 of CBEC)

 

Questions Addressed in Circular

 

Suppose A and B combines to form joint venture AB

Suppose this Joint venture AB provides services to A for consideration? Whether such services liable for Servce Tax?

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Suppose A makes payment to joint venture AB as 'Cash call' (Capital Contribution)? Whether it is taxable?

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi and Kerala.