1st March, 2006.
Notification New Delh
No. 7/2006-Service Tax
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 ofthe Finance Act, 1994 (32 of 1994)
(herein referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public
interest so to do, hereby exempts taxable services, provided or to be provided to any person, by Reserve Bank
of India, from the whole of service tax leviable thereon under section 66 of the Finance Act.
[F. No. 334/3/2006-TRU]
(G. G. Pai)
Under Secretary to the Government of India
As per this notificationit it is very much clear that only service provided by RBI is exempt but Prof Dippak Gupta has
mentioned that At page 53 of serviec tax tax module Sir have menioned that the
" E/N 7/2006 :- Any Service provided or to be provided by RBI to any person shall be exempt
Any Service provided or to be provided by any person to RBI shall be exempt."
Please help me whether I am right or not
CAclubindia
