https://www.taxtmi.com/article/detailed?id=1824 A tribunal found revenue sharing payments received by a franchisee to be prima facie not taxable where parties acted on a principal to principal basis and no service was provided. The Board clarified that revenue sharing can create a distinct taxable entity if the arrangement yields a new commercial person, making related transactions taxable; where principal to principal character persists, levy depends on transaction nature. TRU guidance treats unincorporated JVs/AOPs and constituent persons as separately taxable, subject to credit rules. en-us Sat, 21 Jul 2012 16:56:57 +0530 Sat, 21 Jul 2012 16:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1824 A tribunal found revenue sharing payments received by a franchisee to be prima facie not taxable where parties acted on a principal to principal basis and no service was provided. The Board clarified that revenue sharing can create a distinct taxable entity if the arrangement yields a new commercial person, making related transactions taxable; where principal to principal character persists, levy depends on transaction nature. TRU guidance treats unincorporated JVs/AOPs and constituent persons as separately taxable, subject to credit rules. Articles Service Tax Sat, 21 Jul 2012 16:56:57 +0530 https://www.taxtmi.com/article/detailed?id=1824