Saturday 17 August 2013

Revenue sharing between film distributors and exhibitors is a joint venture; subject to ST

ST : Circular No.148/17/2011-ST clarifying levy of service tax on transactions relating to film distributor/sub-distributor/exhibitor it was not violative of section 37B, as there is no direction to adjudicating authority decide a particular case in particular manner and taxability depends upon facts and circumstances of each case


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