d08c4f03_nternational_in_bound___Page_3__Comment
[Reference Code] 048.01 / 01.07.07 [Issue] Whether commission received by distributors for distribution of mutual fund units is liable to Service Tax under business auxiliary service? [Comment] 
Distributors receive commission from mutual fund for providing services relating to purchase and sale of Mutual fund units. Services provided by such distributors are in the nature of commission agent and are, thus, leviable to service tax under business auxiliary service [section 65(105)(zzb)].
014 - Service Tax - Circulars - Year 2007 - Circular No.- 90 /1/2007, dated - 03-01-2007 - Applicability of service tax on international in-bound - Page 3
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