Are services to rbi in negative list?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2013 Hi

In BANGAR, Negative List of Services, only Services by RBI are included, that means services to RBI are taxable, however solution to June 2013 IDT Paper of ICWAI say that- "the Reserve Bank of India have been granted exemption from payment of Service Tax both- as a Service Provider as well as a Service Recipient"

Can you tell me which is correct?

CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)
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13 October 2013 Hi,
As per Negative list services provided by the RBI is exempted.

I think you have wrongly interpreted the content given in Bangar book, refer once again.

Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2013 Hi
Please refer my question again. I have myself said that servces BY RBI are in NEGATIVE List.

Here I am asking about Services TO RBI.

CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)
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14 October 2013 All services provided by the Reserve Bank of India are in the negative list. Services provided to the Reserve Bank of India are not in the negative list and would be taxable unless otherwise covered in any other entry in the negative list.

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