TMI BlogLevy of service tax on commission received from the RBI for the tax collection, RBI bonds, payment of...Levy of service tax on commission received from the RBI for the tax collection, RBI bonds, payment of pension, PPF etc - the bank has been appointed as agent of RBI, it is transacting Government business which is in the nature of a sovereign function performed on behalf of the Government and hence not liable to service tax - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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