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Archive: 15 May 2007

Posts in 15 May 2007

Circular No. 94/5/2007-Service Tax dated 15.05.2007

May 15, 2007 978 Views 0 comment Print

Service tax is leviable on ‘asset management and all other forms of fund management’ under the category of ‘banking and other financial service’. In this context a question has arisen as to whether the service tax would be chargeable on the ‘entry and exit load’ amount charged by a mutual fund to the investor.

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