Wednesday, 10 September 2014

Municipalities are liable to ST on bus fee or advertisement revenue collected by them

Service Tax : Since amounts collected by municipality in name of bus fee or advertisements, etc. do not go in Government Treasury, but go to funds of Municipality, prima facie, they cannot be regarded as statutory activity and are not eligible for benefit of Circular No. 89/7/2006-ST dated 18-12-2006


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