would anyone tell me that sales & collection service to financial institutions & insurance companies comes under which service head under service tax.....thnks
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urgent query
Replies (3)
Commission received from Banks & Insurance Companies shall be liable to service tax.
regards,
ratan
but i am asking under which head...whether business auxillary services or any other head...
From the information available i can say that the service provided shall fall under the category of Business Auxiliary Services. For more clarity refer section 65 (19) of the Finance Act, 1994
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