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NOW THESE EXEMPTIONS WITHDRAWN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Now Exemption has been withdrawn on these

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.