https://www.taxtmi.com/article/detailed?id=31 The department's circular construes other financial services ejusdem generis with services normally rendered by banks, concluding that the Department of Posts is not similar to a bank and that money orders, savings-account operations and postal orders are not liable to service tax. A ministerial statement described this as a withdrawal of tax, creating tension with the circular. The note raises the procedural issue that exemption or withdrawal of service tax requires a statutory notification by the Central Government, and questions whether a circular can lawfully effect such a change or be subject to ultra vires challenge. en-us Mon, 31 Jul 2006 00:00:00 +0530 Sat, 23 Oct 2010 10:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=31 The department's circular construes other financial services ejusdem generis with services normally rendered by banks, concluding that the Department of Posts is not similar to a bank and that money orders, savings-account operations and postal orders are not liable to service tax. A ministerial statement described this as a withdrawal of tax, creating tension with the circular. The note raises the procedural issue that exemption or withdrawal of service tax requires a statutory notification by the Central Government, and questions whether a circular can lawfully effect such a change or be subject to ultra vires challenge. Articles Service Tax Mon, 31 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=31