Applicability of service tax on commission income earned on distribution and marketing of units of m

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..... ised regarding application of service tax on the activity of Mutual Fund Distribution as to whether (i) the commission received by distributors on mutual fund distribution is liable to Service Tax under the category of Business Auxiliary Services. (ii) the services provided is exempt from service tax in terms of Notification No. 13/2003 dated 20.6.2003 ? In this connection, it is clarified .....

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