Applicability of service tax on commission income earned on distribution and marketing of units of m

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nbsp;     I am directed to say that some doubts have been raised regarding application of service tax on the activity of Mutual Fund Distribution as to whether (i) the commission received by distributors on mutual fund distribution is liable to Service Tax under the category of Business Auxiliary Services. (ii) the services provided is exempt from service tax in terms of ....