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of <h1>Mutual Fund Entry & Exit Load Charges Not Subject to Service Tax; Fund Management Services Are Taxable.</h1> Service tax is not applicable to the entry and exit load charges imposed by mutual funds on investors. These charges cover initial issue and other specific expenses, not fund management services. The fund management services provided by an Asset Management Company (AMC), which include an investment and advisory fee, are subject to service tax under fund management services. Other services provided by distributors, brokers, custodians, and trustees are taxable under their respective service categories. This clarification is issued to guide trade and field formations accordingly.
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