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?

View Answer


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

View Answer
  1. Indirect Tax
  2. Amendments Indirect Tax for 2016 2017 Exams

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.