ENTRY 29

Services by the following persons in their respective capacities were exempt
service tax under entry 29 of the notification:-
(i) mutual fund agent to a mutual fund or asset management company
(ii) distributor to a mutual fund or asset management company
(iii) selling or marketing agent of lottery tickets to a distributor or a selling agent.

 

NOW THESE EXEMPTIONS WITHDRAWN

Note:- Reverse charge applicable now on these services

 

ENTRY 32

Earlier Exemption was available on

(a) departmentally run public telephone;
(b) guaranteed public telephone operating only for local calls; or
(c) free telephone at airport and hospital where no bills has been issued.

Now Exemption has been withdrawn on these

  1. Indirect Tax
  2. Amendments Indirect Tax for 2016 2017 Exams
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.