Comments on : Analysis of Declared Services, Exemptions, Abatements

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Comments on Analysis of Declared Services, Exemptions, Abatements

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Kunal

Wrote on 10 October 2012

Is supply of water by Transport co is taxable ?

I would also like to have your opinion on the applicability Service-tax To Chit Funds on account of the folowing specific provisions given in the Service-tax Scheme: 1. The definition provided in clause (44) of the proposed Section 65B provides that "Service" does not include a transaction only in money or actionable claim. 2. The services of loans, advances or deposits are in the negative list in so far as the consideration is represented by way of interest or discount.