Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Government Exempts Specific Pre-2004 Services from Tax under Section 93 of Finance Act 1994; Clarifies Commercial Terms</h1> The Central Government, under section 93 of the Finance Act, 1994, exempts certain portions of taxable services from service tax, applicable to services received before September 10, 2004. These services include those provided by commissioning and installation agencies, sub-brokers, multi-system operators, and commercial concerns in relation to business auxiliary services. Exemptions also apply to banking and financial services provided by commercial concerns and banking companies, tour operators not using tourist vehicles, and life insurance risk cover services. Corrections to the notification clarify terminologies related to commercial concerns and financial companies.