CGTMSE/(44)/                                                               July 17, 2013

 

 

All the Member Lending Institutions of CGTMSE

 

 

Kind Attn.: Head, SME/Priority Sector Dept.

 

Circular No. 65 /2013-14

 

Madam / Dear Sir,

 

Applicability of service Tax to CGTMSE

 

            The issue of applicability of service tax on the fees collected by CGTMSE viz. Guarantee fee / Annual Service Fee (ASF) / Annual Guarantee Fee (AGF) from its Member Lending Institutions (MLIs) is being examined by the Trust. It may please be noted in this regard that in case the service tax liability devolves on CGTMSE, the same shall be recovered from the concerned MLIs over and above the normal applicable fees for obtaining / renewal of guarantee cover.

 

            The contents of this letter may please be brought to the notice of all your Regional / Zonal / Controlling Offices, who have been allotted Member Ids by CGTMSE.

                                                                                       

 

 Yours faithfully,

 

 

 Sd/-

(S.S. Bakshee)

General Manager