There is no requirement that a service be provided by a service provider to a service recipient in exchange for payment when investing in mutual funds
The Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that subscription and redemption of liquid mutual fund units cannot be termed as ‘Trading of Goods’. The appellant/assessee, Career Point Limited, offers taxable services such as commercial training, coaching, immovable property rental, works contract services, legal consulting, and manpower recruitment/supply…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹2299 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
