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of <h1>CAG Audit Fees Exempt from Service Tax Under Finance Act, 1994; Not Classified as Business Support Services.</h1> The circular addresses whether service tax applies to audit fees collected by the Comptroller and Auditor General (CAG) for auditing corporations. It clarifies that CAG, as a constitutional authority, does not qualify as a 'practicing chartered accountant' or a 'concern' under the Finance Act, 1994. The services provided by CAG are distinct from those of chartered accountants and do not fall under 'Business Support Services' as defined in the Act. Therefore, the audit fees collected by CAG are not subject to service tax. The circular instructs that this clarification be communicated to relevant parties.
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