https://www.taxtmi.com/article/detailed?id=605 Entry and exit charges levied by a mutual fund on investors reimburse initial issue and scheme expenses and do not constitute payment for asset or fund management services, so entry and exit load are not liable to service tax as fund management; conversely, recurring investment and advisory fee charged by an Asset Management Company to the mutual fund is chargeable to service tax as fund management, and services by distributors, brokers, custodians and trustees are taxable under their respective service categories. en-us Sun, 20 Dec 2009 00:00:00 +0530 Sun, 20 Dec 2009 23:47:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=605 Entry and exit charges levied by a mutual fund on investors reimburse initial issue and scheme expenses and do not constitute payment for asset or fund management services, so entry and exit load are not liable to service tax as fund management; conversely, recurring investment and advisory fee charged by an Asset Management Company to the mutual fund is chargeable to service tax as fund management, and services by distributors, brokers, custodians and trustees are taxable under their respective service categories. Articles Service Tax Sun, 20 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=605