Debate on 'Security Agency' Definition in Finance Act 1994: Impact on Service Tax for Construction Projects.

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Full Text of the Document

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....Levy of Service Tax - construction of compound wall/fencing - security agents services - Taking that definition of 'security agency' into section 65(105)(w) of Finance Act, 1994 would lead to the outcome of every compound wall/fence put up by any person to be that of ‘security agency’; consequently and by extension, every civil project would be activity of ‘security agency’, thereby rendering ‘construction service’ or ‘work contract service’ in section 65 of Finance Act, 1994 to be superfluous. - AT....