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of <h1>CAG Audit Fees Not Subject to Service Tax; Not Classified as Business Support Services Under Finance Act, 1994.</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 fall under the definition of 'practicing chartered accountant' as per the Finance Act, 1994, and thus its audit services are not subject to service tax. The scope of CAG's work extends beyond that of statutory company auditors and does not qualify as 'Business Support Services' since these audits are statutory duties, not outsourced business functions. The circular advises informing trade and industry members of this clarification.
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