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    <title>Service Tax on Mutual Fund</title>
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    <description>Exemption previously available to mutual fund agents and distributors under the mega exemption was withdrawn with effect from 1 April 2015, per a clarification dated 1 March 2015. Under the negative-list service tax regime, services are taxable unless expressly excluded by the negative list or by specific exemptions, so mutual fund services and intermediary services are taxable unless a specific exclusion or exemption applies.</description>
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      <description>Exemption previously available to mutual fund agents and distributors under the mega exemption was withdrawn with effect from 1 April 2015, per a clarification dated 1 March 2015. Under the negative-list service tax regime, services are taxable unless expressly excluded by the negative list or by specific exemptions, so mutual fund services and intermediary services are taxable unless a specific exclusion or exemption applies.</description>
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