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Notification No.59/98, Dated 16 Oct 1998

Government of India
Ministry of Finance
(Department of Revenue)

No. 59/98 – Service Tax

New Delhi, dated the 16th October, 1998

        G.S.R. 624(E) – In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994), and in suppression of the notification of Government of India in the Ministry of Finance (Department of Revenue) No. 57/98-Service Tax, dated the 7th October, 1998, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable services provided by a practicing chartered accountant, a practicing company secretary or a practicing cost accountant, in his professional capacity to a client, other than the taxable services relating to –

  1. accounting and auditing; or
  2. cost accounting and cost auditing; or
  3. secretarial auditing; or
  4. verification of declarations in prescribed forms of compliance's for obtaining a certificate of commencement of business or commencement of other business under section 149 of the Companies Act, 1956 (1 of 1956); o
  5. signing of the annual return of listed companies under section 161 of the Companies Act, 1956 (1 of 1956); or
  6. certification that requirements of Schedule XIII to the Companies Act, 1956 (1 of 1956) have been complied with as regards statutory guidelines for appointment of managerial personnel and payment of managerial remuneration to them without the approval of the Central Government under section 269 and Schedule XIII, of the Companies Act, 1956 (1 of 1956); or
  7. certification of documents to be filed by companies with the Registrar of Companies under the Companies Act, 1956 (1 of 1956); or
  8. certification in Form 1 that the whole of the amount remaining unpaid or unclaimed for a period of three years from the date of transfer to the special account under sub-section (1) and sub-section (2) of section 205A of the Companies Act, 1956 (1 of 1956) has been transferred to the General Revenue Account of the Central Government under the Companies Unpaid Dividend (Transfer to General Revenue Account of the Central Government) Rules, 1978; or
  9. certification of documents under the Exports and Imports Policy (1997-2002) of the Government of India; or
  10. certification for exchange control purposes which a practicing chartered accountant can issue as documentary evidence in support of certain applications under the Foreign Exchange Regular Act, 1973 (46 of 1973); or
  11. certification in respect of valuation of instruments or assets as per rule 8A(7) of the Wealth Tax Rules, 1957, from whole of service tax leviable thereon.


F.No.B. 11/3/98-TRU

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