https://www.taxtmi.com/circulars?id=2627 Entry and exit load levied by a mutual fund are not subject to service tax because they meet initial issue and scheme expenses and are not payment for fund management; by contrast the AMC's recurring investment and advisory fee for fund/asset management and services provided by distributors, brokers, custodians and trustees are taxable under their respective service categories. en-us Tue, 15 May 2007 00:00:00 +0530 Thu, 05 Jan 2012 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2627 Entry and exit load levied by a mutual fund are not subject to service tax because they meet initial issue and scheme expenses and are not payment for fund management; by contrast the AMC's recurring investment and advisory fee for fund/asset management and services provided by distributors, brokers, custodians and trustees are taxable under their respective service categories. Circulars Service Tax Tue, 15 May 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2627