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Service tax on Development of new product

Service Tax - Started By: - Vijay Chitte - Dated:- 21-9-2016 Last Replied Date:- 22-9-2016 - Dear Experts,We are doing development of new product in India, & our client is located at foreign country, foreign party does not providing any materials for development of product, we are also provide testing service for that new product development.My Question is : 1) Service tax will be applicable or not? under which POP rule will be applicable? 2) This activities fall under which category of serv .....

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satisfy our new product development then, he will give contract for manufacturing of this new product but this will be separate contract.It can be say, technology of new product development for our foreign client. - Reply By YAGAY AND SUN - The Reply = if your foreign client is not paying for it separately, then, no service tax would be applicable. However, the development cost so incurred by you would be amortized on the goods manufactured by you on behalf of your foreign client and excise dut .....

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