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Services By means of: (a) extending deposits, loans or advancements in as far as the thing to consider is represented by way of interest or low cost (besides desire linked to charge card services); (b) inter se sale or purchase of international forex amongst banking companies or authorised dealers of foreign ex- adjust or amongst financial institutions and such dealers.
Services by an old age residence run by Central Government, State Govt or by an entity registered under segment 12AA with the Income-tax Act, 1961 (43 of 1961) to its people (aged 60 decades or even more) against thing to consider upto twentyfive thousand rupees a month for each member, provided which the consideration charged is inclusive of costs for boarding, lodging and routine maintenance.
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(b) services in relation to an aircraft or possibly a vessel, inside of or exterior the precincts of the port or an airport
Finishing up an intermediate manufacturing system as task get the job done in relation to cultivation of vegetation and rearing of all life sorts of animals, except the rearing of horses, for foodstuff, fibre, gasoline, raw product or other related products or agricultural generate.
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Services furnished by operators of the widespread bio-professional medical squander treatment method facility to some medical establishment by way of therapy or disposal of bio-health-related squander or perhaps the processes incidental thereto.
Same rate of built-in tax as relevant on supply of like items involving transfer of title in items
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In these days’s write-up, we’ll understand anything about accounting services and its associated concepts. Let’s Have a look on what we’ll cover in advance:
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