TMI BlogFranchiseeX X X X Extracts X X X X X X X X Extracts X X X X ..... Franchisee X X X X Extracts X X X X X X X X Extracts X X X X ..... see of a restaurant service is a capital payment and can this be treated as an assest and amortisation can be taken thereon. and Whether receipt made under franchisee agreement for giving the francis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee is chargeable to service tax???? Please respond with both the prospect Reply By Mahir S: The Reply: Sir, Regarding your second query, the receipt made under franchisee agreement for giving the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... franchisee is chargeable to service tax. However, exemption is available if such receipt is less than ₹ 10 lacs p.a. X X X X Extracts X X X X X X X X Extracts X X X X
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