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of <h1>Exemption from Income Tax Doesn't Guarantee Service Tax Exemption for Clubs under Finance Act, 1994.</h1> The circular addresses whether clubs or associations exempted from income tax as public charitable institutions are also exempt from service tax under the Finance Act, 1994. It clarifies that such income tax exemptions do not automatically exempt these entities from service tax. The definitions of 'charity' and 'charitable' from Black's Law Dictionary should be considered, emphasizing aid for the poor and public purposes. Each case should be evaluated individually, considering all relevant facts and statutory provisions. The circular advises trade and field formations accordingly.
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