Service Tax - advertising agency -draft remains a draft?
It is nearly two months since the Board released a draft circular to the effect, "the amount paid by the advertising agency to the media for obtaining space for display or exhibition, being in the nature of input service used in providing the taxable service, is liable to be included in the value of the taxable service". This has caused the appropriate furore. Now has the government decided to bury the draft circular or go slow on it?