Prescribes effective rate of service tax on various services provided in relation to chit.

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..... A MINISTRY OF FINANCE (Department of Revenue) Notification No. 27/2008-Service Tax New Delhi , the 27 th May, 2008 G.S.R. (E). In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further ame .....

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..... rain instead) by way of periodical installments over a definite period and that each subscriber shall, in his turn, as determined by lot or by auction or by tender or in such other manner as may be specified in the chit agreement, be entitled to the prize amount. - 70". (G.G. Pai) Under Secretary to the Government of India [F.No. 332/3/2008-TRU] Note :- The .....

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