TMI BlogLevy of service tax - contribution to Joint Venture / Partnership arrangements - it is clearly...Levy of service tax - contribution to Joint Venture / Partnership arrangements - it is clearly impermissible to hold that the contribution made by a co-venturer (partner) in the course or furtherance of the joint-venture is a service rendered to the joint venture for a consideration. It is not in dispute that in a partnership or a joint venture, whatever a partner does for the furtherance of the business, he does so also for advancing his own interest, as he has a stake in the venture. All the r..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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