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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 ?the nature of advance would be incurred the same on business operative expenses. - Reply By KASTURI SETHI - The Reply = Only money transaction is not liable to Service Tax. Such transaction is out of definition of 'Service' in terms of Section .....

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