https://www.taxtmi.com/forum/issue?id=1440 The liability to pay service tax for mutual fund distribution lies with the service recipient (the AMC); the distributor need not include mutual fund commission turnover in its service tax return and need not report service tax collected by the recipient. The distributor's mutual fund distribution is not taxable in its hands, and therefore the distributor cannot avail cenvat credit on inputs or input services used for that distribution, so accumulated unutilised cenvat credit cannot be claimed against such commission income. en-us Mon, 24 Aug 2009 12:34:15 +0530 Thu, 23 Jan 2025 15:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1440 The liability to pay service tax for mutual fund distribution lies with the service recipient (the AMC); the distributor need not include mutual fund commission turnover in its service tax return and need not report service tax collected by the recipient. The distributor's mutual fund distribution is not taxable in its hands, and therefore the distributor cannot avail cenvat credit on inputs or input services used for that distribution, so accumulated unutilised cenvat credit cannot be claimed against such commission income. Discussion-Forum Service Tax Mon, 24 Aug 2009 12:34:15 +0530 https://www.taxtmi.com/forum/issue?id=1440