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Extracts
SERVICE TAX LIABILITY BETWEEN HOLDING AND SUBSIDIARY COMPANYService Tax - Started By: - RAJEEV JAIN - Dated:- 25-4-2016 Last Replied Date:- 25-4-2016 - A Pvt Ltd is holding company of B Pvt Ltd.A Pvt Ltd holds 99% shares of B Pvt Ltd. B Pvt Ltd is into hotel business and transfers majority of its income to A Pvt Ltd. B Pvt Ltd pays service tax on the receipts of its hotel business. The question is whether service tax liability will arise if B Pvt Ltd transfers 90% of the income to A Pvt Ltd. Kindly clarify with applicable notifications/circulars and extr ..... X X X X X X X Extract - Part text only X X X X X X X
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