Saturday, 5 October 2013

ST exemption is available for charitable activities even if entity is a profit-making apparatus

ST/ECJ: An entity continues to be charitable notwithstanding that it earns profit; therefore, it shall continue to be exempt from service tax under Entry 4 of Notification No. 25/2012-ST so long as it is registered under section 12A of Income-tax Act, 1961


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