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Service Tax on Foreign Bond Issue

Service Tax - Started By: - Dibyendu Ghosh - Dated:- 4-3-2016 Last Replied Date:- 5-3-2016 - Subsidiary of the client has issued Bonds in foreign country. The proceeds of the issue has been utilised by the subsidiary. Further, repayment of the procee .....

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to be paid by the holding company.Whether holding company is liable to pay Service Tax? - Reply By KASTURI SETHI - The Reply = Sh.Dibyendu Ghosh Ji, Your query raises so many questions before final reply is posted. These are :- 1. Whether subsidiary .....

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questions ? 4. Whether it is export of service or not, can be decided only after the above replies ? 5. If ST is applicable, primary responsibility is of subsidiary Co., if subsidiary co. is located outside India then holding company is liable to pa .....

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responsibility of dues of ST department. (pertaining to subsidiary co.) Confirmed reply can be given only after full facts are known to experts. I do not want to beat about the bush by using 'Ifs' and 'Buts' in imaginative situation. .....

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nners and credit rating agencies was borne by the London entity only.Due, to the above reasons, place of provision is London.Department is arguing on the following basis:.1. The permission for raising of funds and repayment is granted by the Holding .....

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