After proposal by Finance Minister of India in its Annual Budget 2012-13, subject related to widening service tax exemption list in light of public interest, Department of Revenue, Ministry of Finance issued notification dated 17th March, 2012 has fully exempted " the “services rendered by a mutual fund agent or distributor to mutual fund or asset management company for distribution or marketing of mutual fund", from service tax net.
Present changes are in line of various series of reform undertake by the Regulator and Government in last one year. “The government, being satisfied it is necessary in public interest so to do, exempts the following taxable services from the whole of the service tax leviable thereon under section 66 B of the Finance Act,”
Learn about filing a final tax return when you are winding up a company or closing down a business. Visit Consultibs.in for more information on closing down your company.
ReplyDelete