Market regulator Sebi slapped with Rs75 cr service tax demand
"Sebi is an autonomous body and as a thumb rule there is a general perception that regulators do not provide services for profit but rather for public interest. However, in this case, it seems that the service tax department has clearly identified the services that are liable to a service tax levy."
Amit Kumar Sarkar
Partner, Grant Thornton India LLP
This article apeared in Live Mint on 27th April, 2016