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    <title>Service tax on commission received by Primary Dealers dealing in Government Securities - regarding.</title>
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    <description>The circular concludes that because the statutory definitions of underwriting and underwriter refer to underwriting of securities of a body corporate, and government securities issued and auctioned by the Reserve Bank on behalf of the Central Government are not securities of a body corporate, service tax is not leviable on underwriting fee or underwriting commission received by Primary Dealers dealing in government securities.</description>
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    <pubDate>Tue, 10 Aug 2010 00:00:00 +0530</pubDate>
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      <title>Service tax on commission received by Primary Dealers dealing in Government Securities - regarding.</title>
      <link>https://www.taxtmi.com/circulars?id=8218</link>
      <description>The circular concludes that because the statutory definitions of underwriting and underwriter refer to underwriting of securities of a body corporate, and government securities issued and auctioned by the Reserve Bank on behalf of the Central Government are not securities of a body corporate, service tax is not leviable on underwriting fee or underwriting commission received by Primary Dealers dealing in government securities.</description>
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      <pubDate>Tue, 10 Aug 2010 00:00:00 +0530</pubDate>
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