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ST on advance given by wholly subsidiary company to Holding subsidiary

Service Tax - Started By: - pawan pant - Dated:- 16-3-2016 Last Replied Date:- 17-3-2016 - Hello Sir,I would like to know that whether Service tax shall be liable if some advance has been given by Wholly owned subsidiary company to Holding company ?t .....

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65 B(44)(a)(iii) of the Finance Act,1994. - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Kasturi Sir, only advance given will not be termed as service being provided. No service tax on advance given. Thanks. - Reply By surya narayana - T .....

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a transaction in money, the taxability would depend on the context in which this transaction of money took place.RegardsSuryanarayana - Reply By Ganeshan Kalyani - The Reply = Sir I agree this could be loan given in place of advance. Advance would b .....

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