St & vat

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PURUSOTTAM PANDA (Querist)
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24 April 2014 Mr. X is a distributor of SIM Cards, RCVs, etc. He is filing service tax returns against these items. Is he liable to pay VAT on these items?

KUMAR trp707@gmail.com

KUMAR trp707@gmail.com (Expert)
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25 April 2014 IT IS EXEMPTED SERVICES AS PER NOTIFICATION 25/12-ST
FILE NIL RETURN AND APPLY EXEMPTED SERVICE AND NOTIFICATION NO & LINE NO 26(F)

AS PER NOTIFICATIONS

29. Services by the following persons in respective capacities -

(a) sub-broker or an authorised person to a stock broker;
(b) authorised person to a member of a commodity exchange;
(c) mutual fund agent to a mutual fund or asset management company;
(d) distributor to a mutual fund or asset management company;
(e) selling or marketing agent of lottery tickets to a distributer or a selling agent;
(f) selling agent or a distributer of SIM cards or recharge coupon vouchers;
(g) business facilitator or a business correspondent to a banking company or an insurance company, in a rural area; or
(h) sub-contractor providing services by way of works contract to another contractor providing works contract services which are exempt;

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