01 February 2008
Is the service tax applicable to monthly subscription amount payable by subscriber? If not which services of chitfund company are subject to service tax? could u please give me the applicability of service tax?
01 March 2008
BANKING AND OTHER FINANCIAL SERVICES WILL NOT INCLUDE THE SERVICE RENDERED BY CHIT FUNDS.ACCORDINGLY , THE SERVICE RENDERED BY CHIT FUNDS WILL NOT FALL IN THE CATEGORY OG TAXABLE SERVICE AS DEFINED IN SECTION-65(72)zm OF THE FINANCE ACT,1994 [Cir.No.41/4/2002, dated 15.03.2002.
CAclubindia
