https://www.taxtmi.com/circulars?id=92 Commission income from distribution and marketing of mutual fund units is characterised as services of a commission agent falling within Business Auxiliary Services, and therefore is liable to service tax. The exemption applicable to commission agents dealing in sale or purchase of goods does not extend to mutual fund distribution, so the goods-related exemption notification is inapplicable. en-us Wed, 05 Nov 2003 00:00:00 +0530 Wed, 04 Jan 2012 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=92 Commission income from distribution and marketing of mutual fund units is characterised as services of a commission agent falling within Business Auxiliary Services, and therefore is liable to service tax. The exemption applicable to commission agents dealing in sale or purchase of goods does not extend to mutual fund distribution, so the goods-related exemption notification is inapplicable. Circulars Service Tax Wed, 05 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=92