https://www.taxtmi.com/forum/issue?id=109990 Agents and distributors of mutual fund services are placed under service tax by forward charge. Because the service was not taxable in the preceding year, newly taxable mutual fund agents may claim the threshold exemption in the initial year of levy irrespective of prior turnover. Sub agents providing services to principal agents are also taxable and must register and comply with the levy. en-us Sat, 05 Mar 2016 13:09:30 +0530 Thu, 23 Jan 2025 15:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109990 Agents and distributors of mutual fund services are placed under service tax by forward charge. Because the service was not taxable in the preceding year, newly taxable mutual fund agents may claim the threshold exemption in the initial year of levy irrespective of prior turnover. Sub agents providing services to principal agents are also taxable and must register and comply with the levy. Discussion-Forum Service Tax Sat, 05 Mar 2016 13:09:30 +0530 https://www.taxtmi.com/forum/issue?id=109990