Is Service tax is applicable on entry load and exit load in mutual funds.
Also please specify the areas where service tax is applicable for mutual fund companies.
Is there any limit on the loads (entry and exit) in mutual funds.
2 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5146 Points)
Replied 01 September 2015
Liability to pay service tax on service provide by mutual fund agents and distributors is on mutual fund and Asset Management Companies (AMCs) and not on mutual fund agents and distributors,”
sanjay
(profession)
(25 Points)
Replied 01 September 2015
Thank you Sir. Can you please tell me about the entry load applicability in Mutual Funds.
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