Service Tax on Mutual Fund, Service Tax

[jyoti kan]

Dear sir / Ma'am

there is exemption available to the Mutual Fund Agents or Distributors under mega exemption and what about Mutual Fund,

Are they exempt from service or there is any logic behind the exemption to the Mutual Fund.

if there is any proviso or notification or circular regarding the taxability of Mutual Fund, then please let me know.

Thanking you.

Posts / Replies

[Rama Krishana]

W.e.f. 1.4.2015 the exemption as above has been withdrawn. See Clarification dated 1.3.2015.

Regarding Taxability, under the scope of negative list era, all services are taxable unless specifically excluded by way of negative list, exemptions etc.