https://www.taxtmi.com/news?id=622 In the absence of any statutory definition of cash management or asset management, chit fund activities cannot be treated as falling within banking and financial services for service tax purposes, and the scope of service tax cannot be extended by issuance of a circular; any extension requires specific legislative inclusion rather than importation from the RBI Act or other provisions. en-us Tue, 14 Oct 2008 23:03:39 +0530 Tue, 14 Oct 2008 23:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=622 In the absence of any statutory definition of cash management or asset management, chit fund activities cannot be treated as falling within banking and financial services for service tax purposes, and the scope of service tax cannot be extended by issuance of a circular; any extension requires specific legislative inclusion rather than importation from the RBI Act or other provisions. News - Tue, 14 Oct 2008 23:03:39 +0530 https://www.taxtmi.com/news?id=622