Service tax definition amendment removes chit entry, altering the scope of taxable services under the Finance Act. The Central Government omits clause 'a' in paragraph 2 of Notification No.26/2012 Service Tax, removing the definition entry relating to chits and thereby altering the definitional scope applicable to chit-related services under the abatement notification; the amendment is effected by Notification No.13/2015 ST issued under the Finance Act and published in the Gazette.
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Service tax definition amendment removes chit entry, altering the scope of taxable services under the Finance Act.
The Central Government omits clause 'a' in paragraph 2 of Notification No.26/2012 Service Tax, removing the definition entry relating to chits and thereby altering the definitional scope applicable to chit-related services under the abatement notification; the amendment is effected by Notification No.13/2015 ST issued under the Finance Act and published in the Gazette.
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