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DICGC's Deposit Insurance Services Taxed Under "General Insurance Business" Category Per Section 65(105)(d) of Finance Act, 1994.

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Full Text of the Document

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....Determination of service tax liability - the deposit insurance activity of DICGC falls within the ambit of section 65(105)(d) of the Finance Act, 1994 and is chargeable to Service Tax under “General Insurance Business” - the appellants DICGC are required to pay service tax on the taxable service of deposit insurance with effect from 20.09.2011. - AT....

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