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2015 (8) TMI 159 - SUPREME COURT

2015 (8) TMI 159 - SUPREME COURT - 2015 (39) S.T.R. 705 (SC) - Levy of service tax on the activity of mutual fund distribution - validity of circular - vide circular dated 05.11.2003, it was clarified that the commission received by distributors on mutual fund distribution would be liable to service tax as it would not fall within the expression 'business auxilliary services' - High Court in [2004 (9) TMI 604 - ANDHRA PRADESH HIGH COURT] has set aside the circular on the ground that it amounts t .....

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rishnan, Sr. Adv. Ms. Nisha Bagchi, Adv. Ms. B. Sunita Rao, Adv. Ms. Pooja Sharma, Adv. Mr. P. Parmeswaran, Adv. For the Respondent : Mr. Tarun Gulati, Adv. Mr. R. Chandrachud, Adv. Mr. Kishore Kunal, Adv. Mr. Nikhil Nayyar, Adv. ORDER The undisputed facts are that the Government had issued Notification No. 13 of 2003-Service Tax whereby it exempted the 'Business auxilliary services provided by a commission agent' from the service tax leviable thereon under sub-Section (2) of Section 66 .....

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