03 May 2015
CAG are conducting commercial audit of accounts of Government companies/corporations for which CAG maintains a panel of Chartered Accountants. For such audits, CAG charges fees from concerned companies / corporations. The said services of conducting audit of accounts falls under taxable services of “Practicing Chartered Accountant, Practicing Cost Accountant and Practicing Company Secretary†which is defined under Section 65(105) (s), (t), (u) of the Finance Act, 1994. However CAG is not discharging its service tax liability all over India against said servicesPlease give feedback
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