Folks..
Under the BANKING and FINANCIAL services category, a banking company rendering service to RBI is exempt from TAX;
but
services rendered to Govt is taxable..!!
(eg. services to PF/ESI etc)
Pl. share the relevant case law reference and judgement there on..!!
The word "Government" is not defined in the Finance Act..?
and
moreso, we have more PPPs..
Experts.. pl share your opinion
CAclubindia
