https://www.taxtmi.com/caselaws?id=760028 Service tax on a cinema owner's share of net box office collections was not sustainable under Business Support Services because the theatre operator acted on a principal-to-principal basis, retained control over screening, and bore the business risks and statutory liabilities. The revenue-sharing formula was treated only as a method of quantifying consideration, not as evidence of an unincorporated joint venture with film distributors. On the agreements and the manner of operation, the arrangement did not involve the mutual sharing of profits and losses characteristic of a joint venture, and the Tribunal followed earlier decisions rejecting taxability on similar facts. en-us Mon, 05 Aug 2024 00:00:00 +0530 Tue, 15 Oct 2024 08:39:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760028 Service tax on a cinema owner's share of net box office collections was not sustainable under Business Support Services because the theatre operator acted on a principal-to-principal basis, retained control over screening, and bore the business risks and statutory liabilities. The revenue-sharing formula was treated only as a method of quantifying consideration, not as evidence of an unincorporated joint venture with film distributors. On the agreements and the manner of operation, the arrangement did not involve the mutual sharing of profits and losses characteristic of a joint venture, and the Tribunal followed earlier decisions rejecting taxability on similar facts. Case-Laws Service Tax Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760028